Asian Business Daily: Mining investment is causing Mongolia to overheat

Mongolia has become one of the world’s fastest growing economies and is at risk of overheating due to a boom in foreign investment and government spending. The country’s rich wealth of copper, coal and gold resources has prompted unprecedented foreign direct investment, up three times last year to USD 5.3 billion. While this may seem a relatively small amount, by comparison the GDP of the country was just USD 8.6 billion. To read the full article, click hereMining investment is causing Mongolia to overheat

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.