Skip to content

Cents Quote by Paul Ormerod

“At 2 per cent growth a year, an economy doubles in size in just thirty years.” quote by Paul Ormerod
Download Open image
“At 2 per cent growth a year, an economy doubles in size in just thirty years.”

Paul Ormerod

About This Quote

Source Book: The Economics of Growth, 2005

A 2% annual growth rate leads to a doubling of an economy in roughly thirty years.

In simple terms: 2% growth doubles economy in 30 years.

Key Takeaway

Aim for steady growth.

Themes

economics growth time

Mood

analytical forward‑looking

Type

economic educational

When to use this quote

  • investment planning
  • policy making
  • long‑term forecasting

Key Concepts

compound interest macroeconomic theory

Questions to Reflect On

  • What factors sustain 2% growth?
  • How to handle downturns?
A Different Perspective

Assumes constant growth, ignoring cycles.

3.5 out of 5 (8 ratings)

More by Paul Ormerod

Explore all 20 Paul Ormerod quotes

More Cents quotes

Browse all 772 Cents quotes