Modest recovery expected in Mongolian economy in 2018
World Bank report on East Asia and Pacific Economic Update says that Mongolia is to expect modest recovery in 2018 despite the nation’s stagnation in 2017.
Modest recovery is expected in Mongolian economy in 2018. World Bank report on East Asia and Pacific Economic Update says that Mongolia is to expect modest recovery in 2018 despite the nation’s stagnation in 2017 as the government restores its debt to sustainable levels. The report covers East Asian countries including Mongolia. The report says the outlook for developing East Asia is expected to remain broadly positive in the next three years, driven by robust domestic demand and a gradual recovery in the global economy and commodity prices. It recommends that policy makers continue to focus on prudent macroeconomic management and ensuring sustainable fiscal balances in the medium term. ‘Despite favorable prospects, the region’s resilience depends on policy makers taking account of, and adjusting to, significant global uncertainties and domestic vulnerabilities,’ said Sudhir Shetty, Chief Economist of the World Bank’s East Asia and Pacific Region.
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