World developments lucrative to Russia were guaranteeing a 10 per cent economic growth rate last year, according to computations of the Moscow-based Economic Analytical Institute. In fact, the rate was a mere 7.3 per cent. That means negative factors were prominent-in particular, inefficient economic policies, pointed out Mr. Illarionov.
High petroleum prices accounted for 2 per cent out of the total 7.3 in last year's Russian economic progress, Hermann Gref, Minister of Economic Development and Trade, said to a news conference, yesterday. He ascribed another 2 per cent to the federal government's sound economic policy. Increasing capital investment and credit resources brought the remaining 3.3 per cent.