Mongolia Growth Rate May Sink by One-Third, Central Banker Says
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Mongolia’s central bank governor said that the nation’s growth rate may slow by a third this year from a record 17 percent in 2011 as inflows of foreign investment cool.
“It’s a reality check for us,” Naidansuren Zoljargal said in an interview with Bloomberg Television in Hong Kong today, saying that the pace of expansion may be a “very healthy” 11 to 12 percent.