Did you take each country AES operates in and find the secular growth GDP and of that country and then come up with a weighted avg to arive at 3%? Aha, right. Or do you just like the sound of 3% and put that out as if its a certified fact?
What is China's secular growth rate? Whats the secular growth rate of all the emerging markets AES serves?
Also, why do you take your arbitrary GDP number and use that as a proxy for AES growth rate? Do you not like the next 5 year expected annual growth rate of 14.2% displayed in the yahoo analysts estimates page?
What about the 16% expected growth rate 2010 YoY 2009? We should chuck that and take your word for it that AES will grow 3% annually?
None of the numbers are reliable compared to your certified "3% Secular growth rate"?