![The economy is doing fine-if you gauge it in traditional ways. The growth of GDP is 6.2%, which is good. [...] But do we compare Russia to developed countries or to a country like China that has the GDP growth of 9%-or oil producers like Azerbaijan with 12%, or Kazakhstan with 19%. This way, we see that Russia's achievement is more than modest. Under oil windfall profits, Russia's GDP should have grown by 15% to 16% in 2005. Once you dismiss the windfall profits, you see a poor quality of the economic policy that has proven negative to the tune of losing some 9% to 10% of the GDP growth. (Andrey Illarionov)](https://cdn.quotesdtb.com/img/quotes_images_webp/86/andrey-illarionov-achievement-china-426286.webp)
The economy is doing fine-if you gauge it in traditional ways. The growth of GDP is 6.2%, which is good. [...] But do we compare Russia to developed countries or to a country like China that has the GDP growth of 9%-or oil producers like Azerbaijan with 12%, or Kazakhstan with 19%. This way, we see that Russia's achievement is more than modest. Under oil windfall profits, Russia's GDP should have grown by 15% to 16% in 2005. Once you dismiss the windfall profits, you see a poor quality of the economic policy that has proven negative to the tune of losing some 9% to 10% of the GDP growth.
Andrey IllarionovRelated topics
compare country good losing oil once poor prove quality see should traditional tune under way profits Azerbaijan GDP waysRelated quotes
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