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Mongolia monthly economic brief (June 2015) (Mongoliano)

Mongolia’s economic growth in Q1 2015, slowed to 4.4 percent (y/y), down from 8 percent in the previous quarter. Mineral gross domestic product (GDP) growth softened to 13.8 percent (y/y) in the first quarter from 20.5 percent in the previous quarter. Non-mineral GDP growth dropped to 1.5 percent (y/y) in the first quarter, from 4.1 percent of the previous quarter. The composition of jobs indicates deteriorating quality of labor market conditions. The current account deficit slightly widened to 80.4 million dollars in April amidst a narrowing trade surplus. The capital and financial account displayed a net outflow of 125.7 million dollars over the first four months. The balance of payments deficit reached 320 million dollars over the first four months, reflecting a 49 million dollars deficit in April. Revenue shortfalls reached 18 percent in the first five months, requiring a supplementary budget to ensure the credibility of the fiscal plan.


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    Lee,Taehyun, Shiilegmaa,Altantsetseg, Batsuuri,Davaadalai

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    Leste Asiático e Pacífico,

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    Mongolia monthly economic brief (June 2015)

  • Palavras-chave

    foreign currency loan;inflation;current account balance;bank deposit growth;failed bank;Exchange Rates;budget deficit;mortgage loan;net capital flow;exchange rate depreciation;balance of payment;quality employment;nominal exchange rate;labor market condition;current account deficit;domestic credit growth;errors and omission;quality of employment;aggregate expenditure ceiling;market interest rate;government bond yield;bank credit growth;net foreign asset;medium-term fiscal strategy;Mining;fiscal adjustment;industrial production;external borrowing;supplementary budget;trade surplus;fiscal plan;mineral export;currency swap;Oil Export;unemployment rate;reform measure;sovereign borrowing;oil price;annual budget;net export;commercial building;external environment;electricity production;government security;coal production;borrowing cost;family work;tax revenue;budget plan;capital expenditure;loan ratio;real gdp;mortgage corporation;Animal Husbandry;project revenue;budget expenditure;production increase;Retail Sector;core inflation;lower revenue;oil product;project financing;export volume;trade balance;domestic demand;consumption good;production growth;coal import;liquidity buffer;import good;coal export;import consumption;financial account;bilateral net;net outflow;international reserve;bank liquidity;outstanding loan;informal sector;portfolio investment;broad money;deficit ceiling;underground mine;currency appreciation;international bond;government guarantee;bond proceeds;management service;swap arrangement;



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