The Economy growth of Mongolia will decrease down to 7.5 in next year

Dec 20 • Economy • 513 Views • No Comments on The Economy growth of Mongolia will decrease down to 7.5 in next year

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The economy outlook review of East Asia and Pacific region was presented in the last week by World Bank and according to this review countries of this region is affected by the crisis.

Due to decreased export, shrinking investment and consumption, GDP growth was 8.5% in year 2008 and it has become clear that this growth will be down to 6.7%. Vice President of World Bank Jim Adams stated that East Asian countries have experience from crisis in 1997 and they reserved enough reserve of currency and it gave them the space of maneuver.

According to the above-mentioned study, our economy growth was 10% in year 2008 and it will be 7.5% in next year.

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