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flag ADB forecasts Mongolia's GDP growth to 5.5% in 2024 and 6.0% in 2025, driven by external demand and government spending.

flag The Asian Development Bank (ADB) projects Mongolia's GDP to grow by 5.5% in 2024, an increase from April's 4.1% forecast, with further acceleration to 6.0% in 2025. flag This growth is fueled by strong external demand, rising consumption, and increased government spending, particularly in services and mining. flag However, risks include potential delays in the Oyu Tolgoi mining project and disruptions from geopolitical tensions and climate-related issues.

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