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Macro Poverty Outlook for Mongolia : April 2022 (Inglês)

In Mongolia, after posting 1.4 percent real GDP growth in 2021, growth will remain modest at 2.5 percent this year. Despite continued policy support and higher commodity prices, the recovery is dragged down by protracted logistical bottlenecks and the effects of the war in Ukraine. Additional significant risks include inflationary pressures, dwindling fiscal space, and widening external imbalances. Amid the modest recovery, poverty will only fall back to pre-COVID levels in 2023. This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.

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