Mongolia’s economy grew by 5.1% in 2017, recovering strongly from a low 1.2% growth rate in 2016. Foreign investment and mining production especially, the Oyu Tolgoi underground development investment contributed significantly to economy growth.

The Asian Development Bank (ADB) forecasts that inflation is likely to rise to 8 percent in 2018 and 7 percent in 2019.

Mongolia is forecast to keep the 5.1 percent economy growth for the next two years, however, it will be  sluggish. GPD growth will weaken to 3.8 percent in 2018 and rise to 4.3 percent in 2019.

The possible trade war between USA and China should not affect  Mongolia’ economy in the short term. But, if crisis deepens then it will impact Mongolia, said the ADB.