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The World Bank has published its economic update on Mongolia and it expects Mongolia to grow at 0.7% in 2016, 2.7% in 2017, 6.8% in 2018. The World Bank also expects growth to remain sluggish in 2016 due to weaker mining production, likely increasing poverty particularly among urban households. The World Bank sees more short-term challenges from a fragile external environment and large external debt repayments. However, it’s optimistic that stabilizing policies and investments for Oyu Tolgoi should push up GDP growth in 2017/2018. Read more about FMG Mongolia Fund

 

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