1 CHINA-FUNDED OVERPASS IN MONGOLIA OPENS TO TRAFFIC WWW.XINHUANET.COM PUBLISHED:2019/09/17      2 IFC LOOKS TO OPPORTUNITIES IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2019/09/17      3 STATE VISIT OF PRESIDENT OF MONGOLIA TO INDIA (SEPTEMBER 19-23, 2019) WWW.MEA.GOV.IN PUBLISHED:2019/09/17      4 IZ-KARTEX CONTINUES TO SUPPLY SHOVELS TO MONGOLIA WWW.GLOBALMININGREVIEW.COM PUBLISHED:2019/09/17      5 AUTHORITIES ORDER INNER MONGOLIA TO END CRYPTO MINING SUPPORT: REPORT WWW.TECHNODE.COM  PUBLISHED:2019/09/17      6 PRESIDENT KH.BATTULGA VISITS CONSTRUCTION SITE OF TAVANTOLGOI-ZUUNBAYAN RAILROAD WWW.MONTSAME.MN PUBLISHED:2019/09/17      7 BOM MAY LEAVE POLICY RATE UNCHANGED AMID HIGH INFLATION WWW.ZGM.MN PUBLISHED:2019/09/17      8 UB COAL BAN: HOUSEHOLDS TO FACE CHALLENGES THIS WINTER WWW.NEWS.MN PUBLISHED:2019/09/17      9 ARIUNAA BATCHULUUN: GOBI BECOMES THE FIRST MONGOLIAN CASHMERE BRAND TO LAUNCH ONLINE SHOP IN THE USA WWW.NEWS.MN PUBLISHED:2019/09/16      10 ELIXIR COMPLETES SEISMIC, REMAINS ON TRACK FOR FIRST SPUD WWW.FINFEED.COM  PUBLISHED:2019/09/16      "БҮС БА ЗАМ"-Д НЭГДСЭН ОРНУУД 6 ЖИЛИЙН ДАРААГААС ҮР ШИМИЙГ НЬ ХҮРТЭЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/17     ИРГЭДЭД ДӨРВӨӨС ОЛОН ШУУДАЙ ТҮЛШ ОЛГОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2019/09/17     МӨНГӨНИЙ БОДЛОГЫН ХОРОО БОДЛОГЫН ХҮҮГ ХЭВЭЭР ХАДГАЛНА ГЭСЭН ХҮЛЭЭЛТ ШИНЖЭЭЧДИЙН ДУНД ДАВАМГАЙЛЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/17     Б.ИНДРА: ЗАМЫН ЦАГДААГИЙН ГҮҮРЭН ГАРЦАД 100 ЖИЛИЙН БАТАЛГАА ӨГЧ БАЙГАА WWW.IKON.MN  НИЙТЭЛСЭН:2019/09/17     ОЛОН УЛСЫН САНХҮҮГИЙН КОРПОРАЦ МОНГОЛ УЛСТАЙ ХАМТРАН АЖИЛЛАХ БОЛОМЖУУДЫГ СУДАЛЖ БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/09/17     ХӨГЖЛИЙН БЭРХШЭЭЛТЭЙ ИРГЭДИЙН 21.1 ХУВЬ НЬ ХӨДӨЛМӨР ЭРХЭЛЖ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/17     НҮҮРС: МОНГОЛЫН ЭКСПОРТ НЭМЭГДЭЖ, ХЯТАДЫН ИМПОРТ БУУРЧ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/17     ГАВЬЯАТ ТАМИРЧИН Э.СОДНОМПИЛЖЭЭ ДЭЭД АМЖИЛТААРАА ГИННЕСИЙН НОМД БИЧИГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/09/17     2019 ОНЫ ЭХНИЙ 8 САРД ТӨСВИЙН ТЭНЦВЭРЖҮҮЛСЭН ТЭНЦЭЛ 59.7 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/09/16     2019 ОНЫ ЭХНИЙ ХАГАС ЖИЛД МОНГОЛД 217 МЯНГАН ЖУУЛЧИН ИРЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/09/16    

Mongolia’s economy grows 7.3% in H1 www.zgm.mn

In the first half of 2019, by preliminary estimation of production approach, the GDP of Mongolia at 2010 constant price reached MNT 8.6 trillion, increased by MNT 590.5 billion or 7.3 percent compared to the same period of the previous year. This increase was mainly due to increases in the industry, construction sector by MNT 230.7 billion, mining and quarrying sector by 211.0 billion, and service sector by MNT 248.2 billion.

The country’s economy expanded 8.6 percent year-onyear in the first quarter of this year, which was the strongest GDP growth rate since the third quarter of 2014 when the figure stood at 9.1 percent.

The World Bank has predicted that Mongolia’s economy would grow by 7.2 percent in 2019 and 6.9 percent in 2020, but the Bank of Mongolia (BoM) predicted GDP growth at 6.9 percent in 2019.

Total equilibrated revenue and grants of the General government budget amounted to MNT 6.0 trillion and total expenditure and net lending amounted to MNT 5.5 trillion, resulting a surplus of MNT 535.3 billion in the equilibrated balance.

Current account deficit reached USD 683.6 million, which was mainly due to USD 898.3 million deficit in services account and USD 754.8 million deficit in primary account.

In addition, CPI rose 4.8 percent from the end of the previous year due to increases in prices for food and non-alcoholic beverages group by 13.9 percent, meat and meat products by 38.7 percent and clothing, cloth and footwear each group by 4.0 percent in July 2019.

The Asian Development Bank predicted inflation at 8.5 percent in 2019. It also assumed growth in domestic demand as a result of increased expenditures and the depreciation of the MNT and fuel prices in the late half of 2018 as main indicators to the inflation rate.



Published Date:2019-08-19