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Mongolia Quarterly Economic Update, April 2011
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Accounting.
- Advisory Services.
- Agriculture.
- Banking Sector.
- Benchmarking.
- Capital Expenditures.
- Capital Markets.
- Cash Transfers.
- Commercial Banks.
- Commodity Prices.
- Currencies and Exchange Rates.
- Debt.
- Debt Markets.
- Deposit Insurance.
- Economic Growth.
- Employment.
- Employment Opportunities.
- Expenditures.
- Finance and Financial Sector Development.
- Fiscal Policy.
- Foreign Direct Investment.
- Gdp.
- Gross Domestic Product.
- Housing.
- Human Resources.
- Income Tax.
- Inequality.
- Inflation.
- Informal Workers.
- Infrastructure Investment.
- Interest Rates.
- Investment Banks.
- Macroeconomics and Economic Growth.
- Natural Resources.
- Privatization.
- Profitability.
- Public Debt.
- Public Investment.
- Securities.
- Stock Exchanges.
- Transport.
- Unemployment.
- Wages.
- Yield Curve.
- Local Subjects:
- Access to Finance.
- Accounting.
- Advisory Services.
- Agriculture.
- Banking Sector.
- Benchmarking.
- Capital Expenditures.
- Capital Markets.
- Cash Transfers.
- Commercial Banks.
- Commodity Prices.
- Currencies and Exchange Rates.
- Debt.
- Debt Markets.
- Deposit Insurance.
- Economic Growth.
- Employment.
- Employment Opportunities.
- Expenditures.
- Finance and Financial Sector Development.
- Fiscal Policy.
- Foreign Direct Investment.
- Gdp.
- Gross Domestic Product.
- Housing.
- Human Resources.
- Income Tax.
- Inequality.
- Inflation.
- Informal Workers.
- Infrastructure Investment.
- Interest Rates.
- Investment Banks.
- Macroeconomics and Economic Growth.
- Natural Resources.
- Privatization.
- Profitability.
- Public Debt.
- Public Investment.
- Securities.
- Stock Exchanges.
- Transport.
- Unemployment.
- Wages.
- Yield Curve.
- Place of Publication:
- Washington, D.C. : The World Bank, 2011.
- System Details:
- data file
- Summary:
- Mongolia's prospects in the medium term look excellent from a growth perspective as well as a fiscal management perspective. Staying the course in the medium term means implementing the landmark Fiscal Stability Law (FSL) passed last year, and adopting a supportive integrated budget law this spring session of parliament. The economy grew 6.1 percent year-on-year (yoy) in 2010, following a contraction of 1.3 percent in 2009. The last quarter of 2010 ended with a broad-based recovery, supported by transportation, construction and wholesale and retail trade. The latest survey conducted in informal labor markets in March 2011 revealed no changes in the total number of casual workers compared to December. Mongolia has promising growth prospects. It has the opportunity now to exercise prudent fiscal and macroeconomic policies so it can steer clear of the mistakes made by other resource rich economies and achieve its potential.
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