Mongolia to Grow At 20% in 2012: Fund Manager - CNBC: "Mongolia could be the fastest growing economy in the world this year, with gross domestic product expanding 20 percent, according to Alisher Ali, Managing Partner at Silk Road Management.
Paper Boat Creative | Photodisc | Getty Images
An increase in exports, government spending and major mining investments like Rio Tinto’s Oyu Tolgoi copper-gold mine will be the key drivers of growth. “You're starting from a low base so even if commodity prices go down, the increase in output will still allow Mongolia to be the fastest growing economy,” Ali told CNBC, whose firm manages a $30-million fund invested in various asset classes in Mongolia, including public and private equity and property."
'via Blog this'
