1 MONGOLIA’S SUCCESS AND CHALLENGES AGAINST COVID-19 WWW.EASTASIAFORUM.ORG PUBLISHED:2020/08/13      2 FIRST EVER RAILWAY BRIDGE CONNECTING RUSSIA & CHINA TO OPEN IN 2022 WWW.RT.COM PUBLISHED:2020/08/13      3 CABINET MEETING: SMALL, MEDIUM-SIZED ENTERPRISE DIRECTORATE ESTABLISHED WWW.MONTSAME.MN  PUBLISHED:2020/08/13      4 MAN DIES OF BUBONIC PLAGUE IN MONGOLIA WWW.CHANNELNEWSASIA.COM PUBLISHED:2020/08/13      5 MONGOLIA’S SUMO CHAMPIONS WWW.THEDIPLOMAT.COM PUBLISHED:2020/08/13      6 REGISTERED UNEMPLOYED DECREASED BY 0.9 PERCENT FROM JUNE WWW.MONTSAME.MN PUBLISHED:2020/08/13      7 GOVERNMENT DEBT ROSE BY 1.7 TIMES BETWEEN 2015-2019 WWW.MONTSAME.MN PUBLISHED:2020/08/13      8 RUSSIA HAS $1.5BN PLAN TO DENT CHINA’S RARE EARTH DOMINANCE WWW.MINING.COM PUBLISHED:2020/08/13      9 CHINA’S BOOMING COPPER IMPORTS AN ECHO OF THE LAST CRISIS WWW.MINING.COM PUBLISHED:2020/08/13      10 IOM FACILITATES RETURN OF 185 MONGOLIANS STRANDED IN CZECHIA WWW.RELIEFWEB.INT PUBLISHED:2020/08/12      ХЯТАД УЛС 2035 ОНООС ӨМНӨ ТӨМӨР ЗАМЫН УРТАА 200,000 КМ-ЭЭР СУНГАНА WWW.IKON.MN  НИЙТЭЛСЭН:2020/08/13     ЭКСПОРТ ӨМНӨХ САРААС 16.9 ХУВИАР ӨСЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2020/08/13     УУЛ УУРХАЙН БҮТЭЭГДЭХҮҮНИЙ ЭКСПОРТЫГ НЭМЭГДҮҮЛЭХ ТАЛААР ЯРИЛЦАВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/08/13     ДАВХАР БҮРТГЭЛТЭЙ ҮНЭТ ЦААСЫГ ГАДААД, ДОТООДОД ХӨРВҮҮЛЭХ БОЛОМЖТОЙ БОЛОВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/08/13     ЛОКАРНО КИНО НААДАМД МОНГОЛЫН УРАН БҮТЭЭЛЧИД ГУРВАН ШАГНАЛ ХҮРТЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/08/13     ОРОС УЛС ГАЗРЫН ХОВОР ЭЛЕМЕНТИЙН ҮЙЛДВЭРЛЭЛЭЭР ХЯТАД УЛСТАЙ ӨРСӨЛДӨХ ТӨЛӨВЛӨГӨӨГӨӨ ЗАРЛАЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/08/13     БРОКЕР, ДИЛЕРИЙН КОМПАНИУД 67.6 ТЭРБУМ ТӨГРӨГИЙН АРИЛЖАА ХИЙЖЭЭ WWW.UNUUDUR.MN  НИЙТЭЛСЭН:2020/08/13     ОХУ 2 ДОЛОО ХОНОГИЙН ДОТОР ВАКЦИНАА ОЛНООР ҮЙЛВЭРЛЭЖ ЭХЭЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2020/08/13     МОНГОЛ, КАЗАХСТАНЫ ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛЭХ ТАЛААР ХОЁР ТАЛ САНАЛ СОЛИЛЦЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2020/08/12     ЖИЖИГ, ДУНД ҮЙЛДВЭРИЙН ГАЗАР БАЙГУУЛАВ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/08/12    

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