Economic Growth will be over 15 percent in 2012
In the year 2012, Mongolian exports will increase according to the National Statistics Committee. Coal Export will be increased to near 30 million tonnes and is worth about USD 2 billion annually.
Frontier Securities also estimated Mongolia copper export revenue at USD 1 billion and iron ore at 8 million tonnes and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011 while iron ore will increase by 10%.
According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1% and inflation will reach 17%.
Frontier Securities also estimated Mongolia copper export revenue at USD 1 billion and iron ore at 8 million tonnes and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011 while iron ore will increase by 10%.
According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1% and inflation will reach 17%.
Comments
Post a Comment