1 DYSON TO SPEND $3.67BN ON NEW TECHNOLOGIES WWW.BBC.COM PUBLISHED:2020/11/27      2 DISNEY INCREASES NUMBER OF PLANNED LAYOFFS TO 32,000 EMPLOYEES WWW.CNN.COM PUBLISHED:2020/11/27      3 MCC COMPLETES BIDDING SUPERVISION TASKS FOR MONGOLIAN PROJECT WWW.CHINADAILY.COM.CN PUBLISHED:2020/11/27      4 PRESIDENT BATTULGA VETOES 2021 STATE BUDGET LAW AND APPROPRIATION LAWS WWW.MONTSAME.MN PUBLISHED:2020/11/27      5 COVID-19: 13 NEW CASES CONFIRMED WWW.MONTSAME.MN PUBLISHED:2020/11/27      6 ANALYSIS: QUESTIONS OVER ASTRAZENECA'S COVID-19 VACCINE DATA RISK DELAYING APPROVAL WWW.REUTERS.COM PUBLISHED:2020/11/27      7 RUSSIA-CHINA TRADE TURNOVER TO EXCEED $100 BILLION DESPITE PANDEMIC WWW.RT.COM PUBLISHED:2020/11/27      8 TURQUOISE HILL SAYS ODEY’S LETTER CONTAINS FALSE ASSUMPTIONS WWW.MINING.COM PUBLISHED:2020/11/27      9 CHINA TO DONATE MEDICAL SUPPLIES WORTH CNY 4 MILLION TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2020/11/25      10 US COAL MINERS CALL ON TRUMP TO MOVE ON WWW.MINING.COM PUBLISHED:2020/11/25      МҮХАҮТ: ХАТУУ ХӨЛ ХОРИОГ НЭГ САРААР СУНГАВАЛ ААН-ҮҮД 432.6 МЯНГАН АЖЛЫН БАЙР ЦӨӨЛНӨ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2020/11/27     MOENCO: ХАГАС ЖИЛИЙН ХУГАЦААНД НҮҮРСНИЙ ЭКСПОРТ ТАСАЛДАЖ, ОРЛОГО 3 ДАХИН БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/11/27     МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ 70 ОРЧИМ ХУВИАР БУУРАВ WWW.NEWS.MN НИЙТЭЛСЭН:2020/11/27     СУДАЛГААНД ОРОЛЦСОН ААН-ҮҮДИЙН 54 ХУВЬ НЬ ОРЛОГОГҮЙ БОЛЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/11/27     ЭКСПОРТ ХЭВИЙН ҮРГЭЛЖИЛЖ БАЙГАА УЧРААС ХАНШ ӨӨРЧЛӨГДӨХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/11/27     "УЛААНБААТАРТ 2, ДАРХАН-УУЛД 11, СЭЛЭНГЭД 9, ОРХОНД 1, ДОРНОГОВЬД 2 ТОХИОЛДОЛ ШИНЭЭР НЭМЭГДЭЖ, ДОТООДЫН ХАЛДВАР 300 БОЛЛОО" WWW.IKON.MN НИЙТЭЛСЭН:2020/11/27     МОНГОЛ УЛС БНХАУ-ЫН КОКСЖИХ НҮҮРСНИЙ ХАМГИЙН ТОМ НИЙЛҮҮЛЭГЧ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/11/27     ЖДҮХС-ААС ЗЭЭЛ ХҮССЭН 1579 ТӨСЛИЙН СОНГОН ШАЛГАРУУЛАЛТ БОЛНО WWW.NEWS.MN  НИЙТЭЛСЭН:2020/11/25     "ХАРИЛЦАХ ДАНС БОЛОН ХУГАЦААГҮЙ ХАДГАЛАМЖИД ХҮҮ ТООЦОХГҮЙ БАЙХ САНАЛАА УИХ-Д ХҮРГҮҮЛСЭН" WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/11/25     ЭМЯ: ДОТООДОД ТАРХСАН “COVID-19”-ИЙН ХАЛДВАРЫН ТОХИОЛДОЛ 27-ООР НЭМЭГДЭЖ,262 БОЛЛОО WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/11/25    

Pandemic hits Mongolia’s economy growth www.news.mn

Mongolia was one of the first countries in the world to adopt strict Covid-19 containment measures, starting with a January 27 halt to air and land travel between China and Mongolia, closing school and universities, and banning all gatherings. Eventually, all commercial flights to Mongolia were totally stopped, and so far this has miraculously limited the number of infections to slightly over 200, with no confirmed cases of community transmission.

However, Mongolia’s economy has been a different story. Economic growth—a respectable 5.1 percent in 2019—is expected to fall sharply in 2020. The OECD originally forecast that Mongolia’s 2020 economy would grow at 5.4 percent, but in May it revised its estimate dramatically downward, to minus 1 percent. The nation’s heavy reliance on export earnings from extractive industries makes matters worse. This lack of diversification is likely to hobble employment, investment, productivity, and longer-term recovery from the pandemic in an economic future that is “subject to unprecedented uncertainty” for Mongolia and many other developing nations.

 
 
 


Published Date:2020-07-10