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For example, in Malaysia the app experienced a hyper-growth rate of over 400% since its launch in June 2012 and has reached the 1 million users mark in November 2012.
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Well, if the set interest rates lower than the natural rate then they will have rising inflation and output which will mean an ever increasing natural rate and even faster inflation until eventually the economy moves into hyper-inflation and their control over the medium of exchange collapses.
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"After the hyper growth in the e-book market over the last few years, consumers have settled into their book formats of choice, and while e-books will continue to drive growth in the book category in the future, physical book sales will have a longer tail (or longer life expectancy) than previously anticipated, " he said in a call with investors.
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