In the latest issue of Mongolian Economy Update by the World Bank, says, in 2014, Mongolian economic growth has slowed as it began to adjust to unsustainable economic imbalances.
According to the latest release by the National Statistics Office of Mongolia, real growth of Mongolia slowed to 7.8% in 2014, from 12.8% in the previous year. Economic growth is likely to continue slowing in 2015 as the economy remains under pressure from the external imbalance and high inflation. The World Bank has estimated the real GDP growth of Mongolia to be stabilized by 6% for next 3 years.
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