Cents Quote by Paul Ormerod
“At 2 per cent growth a year, an economy doubles in size in just thirty years.”
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.
Aim for steady growth.
Themes
Mood
Type
When to use this quote
- investment planning
- policy making
- long‑term forecasting
Key Concepts
Questions to Reflect On
- What factors sustain 2% growth?
- How to handle downturns?
Assumes constant growth, ignoring cycles.