ADB Projects Sustained Economic Growth Momentum in Mongolia for 2023–2024
Mongolia’s economic recovery continued through this year and gross domestic product (GDP) growth will be maintained in the near term, according to Asian Development Outlook (ADO) September 2023, released today. It is anticipated to be driven by robust external demand, recovery in exports, and revived domestic demand, though tempered by persistently high inflation, contractionary monetary policy, and tight domestic financing conditions.
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