No one disputes that in 3rd world countries the number JWs is growing.
However, the number of baptisms worldwide is in decline year over year, and the JW growth in 1st world countries is stagnant at best. Remove the figures for 3rd-world immigrants in foreign-language congregations from those 1st world countries, and there would certainly be a decrease quite evident.
Not to mention the trend of fewer and fewer men "reaching out" to be MS and elders, and many more "reaching out" but not qualified.
Not to mention the Conti case precedent, virtually certain to lead to hundreds if not thousands of similar cases worldwide, each one potentially costing millions of dollars.
Not to mention "evidently" a drying up of contributions, leading to (among other things) a 50% per month reduction in printed material in the magazines over the past 10 years.
Oh but hey! In the Pueblo of Campo de los Tontones, Mexico, Sister Impoverished and her 12 children all were auxiliary pioneers in March! And left 300 tracts! What glorious good news!