Earlier quoted context omitted.
I disagree. Misuse of the word "exponential" is a major pet peeve of mine. It's a particular case of the much more common "use mathematically precise phrasing to sound careful/precise" that you often find in less than honest writing. Here they are actually using it to refer to growth functions (which is rare for this error) and being honest (which is also rare IMO) but it's still wrong. They should have written about…
My personal pet peeve is when the term “exponentially” is used to refer to a change between precisely two data points. It’s a very specific subset of the one you’re describing. “Tell me you don’t know what you’re talking about without telling me you don’t know what you’re talking about.”
Just be glad you have only one.