1 RUSSIA PROPOSES $20 BILLION IN NEW INVESTMENT PROJECTS WITH CHINA WWW.RT.COM PUBLISHED:2020/08/03      2 U.S. ELECTION WILL BE NOV. 3 AS PLANNED, TRUMP ADVISERS SAY WWW.REUTERS.COM PUBLISHED:2020/08/03      3 MONGOLIA REPORTS TWO NEW COVID-19 CASES WWW.XINHUANET.COM PUBLISHED:2020/08/03      4 “GREEN GATEWAY” TEMPORARY REGULATION COMES INTO EFFECT FROM AUGUST 1 WWW.MONTSAME.MN PUBLISHED:2020/08/03      5 MONGOLIA TO ENJOY TARIFF DISCOUNT ON 10 THOUSAND TYPES OF PRODUCTS BY JOINING APTA WWW.MONTSAME.MN PUBLISHED:2020/08/03      6 MONGOLIA TO DELIVER 30 THOUSAND SHEEP TO CHINA FROM SEPTEMBER WWW.NEWS.MN PUBLISHED:2020/08/03      7 62-YEAR-OLD MONGOLIAN DIES ON CHARTER FLIGHT FROM SYDNEY WWW.NEWS.MN PUBLISHED:2020/08/03      8 RUSSIAN BILLIONAIRE ABRAMOVICH SELLS OUT IN $1.4BN GOLD DEAL WWW.MINING.COM PUBLISHED:2020/08/03      9 CHINA'S FACTORY ACTIVITY BEATS EXPECTATIONS IN JULY, EXPANDS FOR FIFTH MONTH: OFFICIAL PMI WWW.REUTERS.COM PUBLISHED:2020/07/31      10 DENISON MINES AWARDED $10M PLUS INTEREST IN MONGOLIA SALE ARBITRATION WWW.MININGWEEKLY.COM PUBLISHED:2020/07/31      БНХАУ РУУ 3000 ТОНН АДУУНЫ МАХ ЭКСПОРТОЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2020/08/02     УБТЗ 16.9 САЯ ТОНН АЧАА ТЭЭВЭРЛЭСЭН АМЖИЛТААР ТӨМӨР ЗАМЧДЫН БАЯРАА УГТЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/08/02     ИПОТЕКИЙН ЗЭЭЛИЙН ДУНДАЖ ХҮҮ 1.1, ХАДГАЛАМЖИЙНХ 0.6 НЭГЖ ХУВИАР БУУРЧЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2020/08/02     ГАДААДЫН ЗЭЭЛ, ТУСЛАМЖИЙГ АЙЛ ӨРХ, ААН, БАЙГУУЛЛАГАД ЗАРЦУУЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/08/02     БНХАУ 600 САЯ ЮАНИЙН БУЦАЛТГҮЙ ТУСЛАМЖ ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/08/02     БНХАУ-Д ТУСЛАМЖ БОЛГОН ӨГӨХ 30 МЯНГАН ХОНИЙГ ЕСДҮГЭЭР САРААС ЭХЛЭН ГАРГАХААР ЯРИЛЦЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/08/02     МОНГОЛД ДАРХАНЫ ЗАМ, ШИНЭ ТӨВ ЦЭВЭРЛЭХ БАЙГУУЛАМЖ ЗЭРЭГ ТОМООХОН ТӨСӨЛД АЖИЛЛАХААР 190 ГАДААД АЖИЛТАН ИРЖЭЭ EAGLE.MN НИЙТЭЛСЭН:2020/08/02     ЦАХИЛГААН ЭРЧИМ ХҮЧНИЙ ХЭРЭГЛЭЭ 7.8 ХУВИАР БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/08/02     МОНГОЛЫН ХӨРӨНГИЙН БИРЖ 404 САЯ ТӨГРӨГИЙН АЛДАГДАЛ ХҮЛЭЭЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2020/07/30     АЗИЙН ХӨГЖЛИЙН БАНК МАЛЧДАД ЧИГЛЭСЭН ТӨСӨЛ ХӨТӨЛБӨРӨӨ ҮРГЭЛЖҮҮЛНЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2020/07/30    

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