Free-falling Mongolia won’t be saved by commodity revival

August 24, 2016

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The commodity super-cycle that peaked in 2011 powered Mongolia to world-beating growth. Then came the bust and China’s recent economic slowdown that’s pushed the land of Genghis Khan into an unprecedented economic crisis this summer.

Yet even though the commodity market finally has a pulse again after a five-year collapse, a modest revival in prices isn’t going to be enough to rescue Mongolia’s mineral-rich, $12-billion economy.

Category: General