Eurasia Capital: Mongolia Outlook 2012 – World’s Fastest Growing Economy

Mongolia continued its strong performance in 2011 in terms of the pace of economic growth, equity market, exports and foreign direct investment inflows. The country’s performance in 2011 has exceeded nearly all our projections we made in our Mongolia Outlook 2011 report published in January 2011. We estimate Mongolia overtook Qatar and has become the world’s fastest growing economy in 2011 (the summary of key developments in 2011 is provided on pp 4-6). Investor sentiment and attractive valuations have supported the stock market and ranked this frontier market as the second best equity market globally last year. Robust international commodity prices and firm demand in China, the key market for Mongolian commodities, have boosted exports to an all-time high. Accelerated development of the Oyu Tolgoi project and investor appetite for quality resource assets have attracted a record level of foreign direct investments. We believe that Mongolia that is emerging as a key commodity supplier in Asia will continue its stellar performance through 2012 and beyond. To read the full article, click hereMongolia Outlook 2012 – World’s Fastest Growing Economy

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