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I don’t think that’s what slowdown means. They are still speeding up just accelerating less.
by erikpukinskis 7y ago
I don’t think that’s what slowdown means. They are still speeding up just accelerating less.
- Kenji 7y agoPeople expect growth to grow. Positive second derivative. Anything less than that is bad, apparently. The impossible exponentiality of this expectation bothers nobody.
- EpicEng 7y agoIt's a slowdown... of growth. Who reads that headline and doesn't immediately infer that?
- erikpukinskis 7y agoI did piece it together from context but it’s a bad headline. It doesn’t even say growth slowed. It says China slowed, and growth was low. It’s just grammatically bad, and probably deliberately misleading.
- scarejunba 7y agoWell, unless you see the GDP as your location, the growth in GDP as speed, and the change in growth in GDP as acceleration. That would even make sense, just like installed power generation capacity could be seen as megawatt (a rate measure) but really it's not a rate measure when you're looking at the prosperity of a state. Flat installed power capacity is a stagnant economy. Likewise, flat GDP would be a stagnant economy. Hence "slowdown" is correct since that is analogous to second derivative negative. That's why we have the word "recession" or the phrase "shrinking economy" to talk about negative first derivative.