Mongolia growth

Mongolia's rapid growth masks its vulnerability

Mongolia's vast, sparsely populated, landlocked country offers a bonanza to miners that is fuelling double-digit economic growth, but is also exposing it to internal and external dangers.

<div style="text-align: left;"> US vice-president Joe Biden takes on a Mongolian wrestler during his visit to Ulan Bator last week (AFP) </div>

Rupert Walker

August 30, 2011

While fears have mounted about a double-dip recession in the US and Europe, Mongolia’s small, open economy grew a staggering 17.3% year-on-year during the first half of 2011, according to a World Bank report released late last week.

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