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Economy in Mongolia

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Mongolia’s GDP growth for the first quarter reached just 7.2%,

    MONGOLIA, 2013/06/19 Concerns that falling request for coal from China and a decline in commodity prices could weigh on Mongolia’s resource-related boom look to have been realised, at least in part, with figures for the initial quarter of 2013 showing increase additional than halved over the same period the year before. According to data from the National Statistical Office (NSO), published in mid-May, Mongolia’s GDP increase for the initial quarter reached just 7.2%, significantly lower than the 16.7% posted for the same period last year. Exports were as well down for the initial four months of 2013, dropping 5.5% year-on-time(y-o-y). Overseas sales of coal, which dominates exports, fell to 5m tonnes, down from 5.3m recorded for the same period in 2012.