Tuesday, June 20, 2017

Mongolian economy back in growth mode

World Economics:

Market Growth Index grows further to the highest level in 3 years.

Business confidence continues to grow rapidly.

Price inflation remains low.

The Sales Manager Index is now over 50, which indicates growth, and is moving higher. This new found growth is due to increased coal and copper exports. The Presidential election is next week and hopefully after that is complete we can see some movement on getting some of the big projects, like Tavan Tolgoi, moving forward.

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