![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
achievement china compare country dismiss economy gauge good growth losing negative oil once policy poor prove quality russia see should traditional tune under way windfall profits azerbaijan kazakhstan gdp waysRelated quotes
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Samuel P. Huntington
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Donald Trump
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Joseph Goebbels
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Mohamed ElBaradei
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Morrissey
