May 14, 2013

Mongolian growth slowing rapidly - BUSINESS NEW EUROPE

Mongolian growth slowing rapidly - BUSINESS NEW EUROPE: "Mongolia's economic growth slowed dramatically in the first quarter of 2013, due to a fall in coal prices and a fall in demand from China, the country's main export market.

According to the National Statistical Office of Mongolia, GDP growth in January-March came in at 7.2%. While many countries across the globe would be over the moon to record any growth, let alone that pace of expansion, Mongolia saw its GDP grow by 16.7% in the first quarter of 2012. "

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