Kudrin called an outdated model of the economy in Russia

“We are exploiting the old model of the economy, which has already outlived its usefulness and will not give the desired result.

The economy in general does not create any breakthrough qualities or new goods, ”he said in an interview with RBC.

According to him, the average GDP growth rates in recent years are rather low.

Kudrin believes that a new quality of exports and increased domestic investment could help to reach the 4-5% indicator.

The head of the department noted that it is necessary to become more competitive for exports, which he called an "endless universe" for the country's economy.

Earlier it was reported that the International Monetary Fund improved its forecast for Russia's GDP growth. IMF chief economist Gita Gopinath said the national economy is recovering faster than expected.