Mongolia quarterly economic update (February 2012) (Mongolian)

Gross Domestic Product (GDP) growth accelerated to an unprecedented 17.3 percent in 2011 from 6.4 percent in 2010 and the unemployment rate fell from 13 percent in 2010 to 9 percent in 2011. However, real wages for unskilled workers in the urban informal sector are starting to fall as the inflation rate reached 11.1 percent year-on-year in December. Sharply rising government spending is the root cause of overheating: government spending rose by 56...
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  • 2012/02/01

  • Working Paper

  • 67132

  • 1

  • 1

  • Mongolia,

  • East Asia and Pacific,

  • 2012/03/28

  • Disclosed

  • Mongolia quarterly economic update (February 2012)

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Mongolia quarterly economic update (February 2012) (Mongolian). Mongolia economic update Washington, DC: World Bank. http://documents.worldbank.org/curated/en/279331468274236303

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