Money Morning: Investing in Mongolia – is it Time to Buy the World’s Fastest Growing Economy?

It is the world’s fastest growing economy. It also may be the world’s best kept secret. Yet it is true. Mongolia is growing twice as fast as China and it’s a market most investors know little about. While Chinese GDP is forecast to grow by 7.5% in 2012, the Mongolian economy is set to grow at a blistering pace of 14.9%. That’s down a bit from 2011-but not by much. According to official statistics, the Mongolian economy grew 17.3% in 2011. Taking the two together, Mongolia would have the world’s fastest growth rate, beating Qatar and Libya over the same two-year time frame. So is there a way a regular guy can make money out of all this growth? Or to the larger question: Is the Mongolian market where we should be putting our hard-earned savings? To read the full article, click hereInvesting in Mongolia – is it Time to Buy the World’s Fastest Growing Economy?

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