I wouldnt call an increasing GDP coupled with deindustrialization "growth". Growth in GDP for a country with a well respected currency is trivial - increase g

I wouldnt call an increasing GDP coupled with deindustrialization "growth". Growth in GDP for a country with a well respected currency is trivial - increase government spending. Of course, in the limit, that destroys your currency's reputation... but then nominal GDP will grow at the inflation rate at constant real GDP.