Mongolian Economic Outlook 2014

Mongolian economy has been growing at rapid rate for the last years due to major industrial projects and mining. It is projected to grow at an average rate of 14.8% per annum until 2020 and according to The Economist magazine, it will be the second major grower in 2014 with about 15% of economic growth. However the economy is highly dependent on the mining sector and is becoming very susceptible to Dutch Disease. In addition there are many uncertainties prevail in the economic environment.

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