Currently, one-third of the portfolio companies' earnings are generated abroad, but he expects that to change as domestic sales stay flat and global growth accelerates.
But on average, the 11 cities where more than 20 percent of residents use subways and buses had flat growth.
Despite an economy with virtually flat growth for the last decade, Japan's market for information technology has boomed.
And with flat growth in many consumer products, food companies feel that the best way to increase sales is largely a matter of winning market share.
They are predicting flat growth in city pairs.
Pepsico fell 3/4, to 32 7/8, on market concern over flat growth in the soft-drink business.
The UK economy has been weak in recent years following the late 2000s recession with growth largely flat since 2010.
Consider the conclusion that flat growth may make lifetime employment, a pillar of worker loyalty, untenable.
"For the modern era of law firms, this kind of flat growth is unprecedented."
During 12 years of flat growth, women have stampeded out of the kitchen and into the workplace.