Mongolia Economic Growth Accelerates as State Spending Increases

Mongolia’s second-quarter economic growth accelerated from the first three months of this year as the government boosted spending on infrastructure.

Gross domestic product grew 14.3 percent in the three months from April through June, compared with 7.2 percent in the first quarter, the National Statistics Office of Mongolia said yesterday. Expansion in the first half was 11.3 percent, compared with an annual pace of 12.4 percent in 2012.