More Moderate Growth Beyond 2012

Mongolia's near-term economic outlook remains robust and suggests that our upbeat 14.0% real growth forecast for 2012 is well placed. However, we see little scope of such robust growth continuing beyond this year, as regulatory headwinds and declining commodity prices will lead to increasing investor scrutiny of Mongolia's investment climate. Moreover, rampant inflation will continue to prove highly taxing on Mongolia's non-mining sector.

To read the full article, please choose one of the following options: