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Analysis by Region - Asia Pacific - Mongolia

Publisher Oxford Economics
Published May 10, 2024
Length 3 Pages
SKU # OFE18788664

Description

Analysis by Region - Asia Pacific - Mongolia



We forecast Mongolia’s GDP to expand by 5.3% y/y in 2024, after growing by 7.1% y/y in 2023. Severe dzud (extreme cold and heavy snow) occurred in earlier this year and associated losses in livestock will hamper household income gains, limiting consumption growth. Exports are likely to grow only moderately as the one-time boost in mine shipping to China after reopening ended.

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3 Pages
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