Mongolia's Economy Recovering, Risks Remain: World Bank Report
May 10, 2024
May 10, 2024
ULAANBAATAR, Mongolia, May 10 (TNSres) -- The World Bank issued the following news release:
Mongolia's economy is projected to grow by 4.8% in 2024 as an expanding mining sector, robust private consumption, and fiscal expansion offset a contraction of the agriculture sector caused by harsh climate conditions, according to the World Bank's latest semi-annual Mongolia Economic Update.
Mongolia's economy expanded by 7.1% in 2023, mainly driven by coal mining . . .
Mongolia's economy is projected to grow by 4.8% in 2024 as an expanding mining sector, robust private consumption, and fiscal expansion offset a contraction of the agriculture sector caused by harsh climate conditions, according to the World Bank's latest semi-annual Mongolia Economic Update.
Mongolia's economy expanded by 7.1% in 2023, mainly driven by coal mining . . .