World Bank2017-06-132017-06-132011-10https://hdl.handle.net/10986/27089The economic rebound in recent quarters has been stronger than expected and the economy is showing signs of overheating. These signs are show up in rising inflation, especially of those goods and services which are in strong demand, but cannot easily be imported or whose local supply cannot readily be increased to meet the growing demand. Gross Domestic Product (GDP) growth reached 20.8 percent year-on-year (yoy) in Q3, following an outturn of 17.3 percent in Q2. Growth for the year as a whole will likely hit 15 percent, if not more, up from 6.4 percent in 2010, and is being pushed by infrastructure spending as Mongolia develops its vast mineral wealth. Inflation continues its upward trend. The trade deficit is close to record levels (US$ 1.4 bn in September using 12-month rolling sums) driven by a surge in mining-related equipment and fuel imports. Exports are growing strongly too, driven by large coal shipments to China. The 2012 budget continues this fiscal expansion and targets a 74 percent increase in expenditures (mostly on wages and social transfers).en-USCC BY 3.0 IGOADBADVANCED ECONOMIESAGRICULTUREAIR POLLUTIONANNUAL GROWTHARREARSASSET QUALITYBALANCE OF PAYMENTSBALANCE SHEETBALANCE SHEETSBANK LOANBANK RATEBANKING SECTORBANKING SYSTEMBASE PRICESBASIC NEEDSBASIS POINTSBENCHMARKBENCHMARK INTEREST RATEBENEFICIARIESBIDBLACK MARKETBONDBOND FUNDSBOOM-BUST CYCLEBUDGET DEFICITBUDGETINGBUFFERSCAPACITY CONSTRAINTSCAPITAL ADEQUACYCAPITAL EXPENDITURESCAPITAL GAINSCAPITAL INFLOWSCASH TRANSFERCASH TRANSFERSCENTRAL BANKCENTRAL BANK BILLSCOMMERCIAL BANKCOMMERCIAL BANKSCOMMERCIAL TERMSCOMMODITY PRICESCOMPETITIVENESSCONSOLIDATIONCONSUMER DEMANDCONSUMER PRICE INDEXCORE INFLATIONCREDIT GROWTHCREDIT LINECREDIT LINESCURRENCY APPRECIATIONCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITDEBTDEBT CRISISDEBT MARKETSDEFICITSDEPOSITDEPOSITSDEPRECIATIONDISBURSEMENTSDIVIDENDSDOLLAR VALUEDOMESTIC BONDSDOMESTIC CREDITDOMESTIC DEMANDDOMESTIC ECONOMYDOMESTIC GOODSDOMESTIC INFLATIONDOWNWARD PRESSUREEARNINGSECONOMIC ENVIRONMENTECONOMIC GROWTHECONOMIC OUTLOOKEMERGING MARKETEMERGING MARKET ECONOMIESEMPLOYMENTEQUIPMENTEQUITY FUNDSEQUITY MARKETSEXCHANGE RATEEXCISE TAXESEXPENDITUREEXPENDITURESEXPORT GROWTHEXPORT REVENUESEXPORTERSEXPORTSEXTERNAL DEBTEXTERNAL FINANCINGEXTERNAL SHOCKEXTERNAL TRADEFINANCESFINANCIAL CONTAGIONFINANCIAL CRISISFINANCIAL RISKFINANCIAL RISKSFINANCIAL SECTORFINANCIAL STABILITYFISCAL BALANCEFISCAL BALANCESFISCAL POLICIESFISCAL POLICYFLEXIBLE EXCHANGE RATEFOOD PRICEFOOD PRICESFORECASTSFOREIGN CURRENCYFOREIGN CURRENCY DEPOSITSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE RESERVESGDPGDP PER CAPITAGLOBAL ECONOMYGLOBAL TRADEGOLDGOLD PRICESGOVERNMENT EXPENDITURESGOVERNMENT POLICYGOVERNMENT REVENUESGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTHOUSINGHOUSING PRICESHUMAN DEVELOPMENTIMPORTIMPORT DEMANDIMPORT PRICESIMPORTSINCOME TAXINCOME TAXESINFLATIONINFLATION EXPECTATIONSINFLATION RATEINFLATIONARY PRESSURESINFRASTRUCTURE DEVELOPMENTINSURANCEINSURANCE PREMIUMSINTEREST PAYMENTINTEREST RATEINTEREST RATESINTERNATIONAL FINANCIAL MARKETSINTERNATIONAL RESERVESINTERNATIONAL STANDARDSINVESTMENT BOOMINVESTMENT PROJECTSINVESTMENT SPENDINGISSUANCEJOB OPPORTUNITIESLABOR FORCELABOR FORCE SURVEYSLABOR MARKETSLIQUIDITYLIQUIDITY RISKSLOANLOAN CLASSIFICATIONLOAN PORTFOLIOLOAN STOCKLOCAL CURRENCYLOCAL MARKETMANDATESMARKET FORCESMATURITYMATURITY MISMATCHESMINERAL PRICESMONETARY POLICYMORTGAGEMULTIPLIER EFFECTSNOMINAL INTEREST RATESNON-PERFORMING LOANNON-PERFORMING LOANSNPLOIL REVENUESOPEN MARKETOTHER CURRENCIESOUTSTANDING LOANSOUTTURNOUTTURNSPARALLEL MARKETPARALLEL MARKET RATEPEGPENSIONSPERSONAL INCOMEPERSONAL INCOME TAXESPORTFOLIOPORTFOLIO INFLOWSPOVERTY REDUCTIONPREPAYMENTPREPAYMENTSPRICE INFLATIONPUBLIC FINANCESPUBLIC INVESTMENTPUBLIC SECTOR DEBTPURCHASING POWERRAPID GROWTHREAL GDPREAL INTERESTREAL INTEREST RATEREAL INTEREST RATESREAL SECTORRECEIPTSREMITTANCESRESERVERESERVE REQUIREMENTRESERVE REQUIREMENTSRESERVESRISK AVERSIONRISK FACTORSSHORTFALLSSLOWDOWNSOCIAL DEVELOPMENTSSOCIAL WELFARESTOCK MARKETSTRONG CONSUMER DEMANDSTRONG DEMANDSUBSIDIZATIONSURPLUSTAXTAX REVENUESTIME DEPOSITSTOTAL DEPOSITSTOTAL EXPORTTOTAL EXPORTSTOTAL IMPORTSTOTAL REVENUETRADE BALANCETRADE DATATRADE DEFICITTRADE DEFICITSTRADE SECTORTRADE SHOCKTRANSFER PAYMENTTRANSPORTUNCERTAINTIESUNCERTAINTYUNEMPLOYMENTUNEMPLOYMENT RATEWAGESWEALTHWELFARE SYSTEMWITHDRAWALReportWorld Bank10.1596/27089