Mongolia GDP Slows to Weakest Since 2009 Amid Commodities Crash
- Weak commodity prices weigh on economy reliant on copper, coal
- Foreign investment fell to $232 million amid investor disputes
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Mongolia’s gross domestic product slowed in 2015 to the weakest pace since 2009, as foreign investment dried up amid protracted disputes with investors, dragging down an economy already battered by weak commodities prices.
GDP by production approach expanded 2.3 percent from a year earlier, according to preliminary data posted Tuesday on the National Statistical Office’s website. The economy grew 7.8 percent in 2014, following three straight years of double-digit growth.