Economic growth: 2.3% in 2015 - News.MN

Economic growth: 2.3% in 2015

Old News! Published on: 2016.02.24

Economic growth: 2.3% in 2015

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Real economic growth was registered at 2.3% at the end of 2015. This was the prediction of the Asian Development Bank (ADB); the ruling Democratic Party (DP) was a bit more optimistic, expecting 3%. Last year’s growth can be broken down as follows: mining 10.7%, agriculture 5.7%, transportation and storage logistics 2.9%; other sectors 2.3% general economic growth. Conversely, wholesale and retail activity has fallen by 3.6%, as have net taxes on products – a large fall of 21.1%; alsothe building and construction sector has contracted 1.4%.

 

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