a conclusion on a project on economic growth?

Answer 1

Econ growth is usually a good thing, it creates employment, or rising wages, or a combi of both; and it creates a rising revenue base on which governments can tax and taxation leads to govt expenditure on things that govts consider worthwhile. If govts are stupid enough to spend on worthless things and people realise it, they get thrown out at the next election.

Growth can cause unwanted effects like more traffic congestion and more pollution or bottlenecks in the supply of things with long production lead times, and if the central bank does not keep a good rein on the money supply it can lead to inflation (generally in the West growth was very high in 1971-3 and led to inflation in 73-75, for example.... monetary policy is better understood nowadays). It can promote greed-driven behaviour e.g. pulling down good houses to build more intensively on the same land. Also wild (temporary) movements in the stock market as we saw in late 1999 / early 2000.

Answer 2

You can conclude that economic growth may cause inflation under certain conditions. Another conclusion may be that economic growth can't be sustained in the long term if the country has twin deficits (current account and budget)