Continuing economic trends feature high growth and inflation, procyclical fiscal policy, and large current
account deficits. GDP growth decelerated to 12.3% in 2012 from 17.5% in 2011, and inflation a...
Overly expansionary policies, including substantial off-budget spending, have caused internal and external
macroeconomic imbalances. Over the longer term, sound public resource management and effective
cooperation with private investors are needed to develop Mongolia’s energy sector in a sustainable and
environmentally friendly way.--------- Source : Asian Development Outlook 2013 - http://www.adb.org/sites/default/files/ado2013-mongolia.pdf
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