World Bank raises Mongolia's growth forecast for 2023

ULAN BATOR, Nov. 29 (Xinhua) -- The World Bank has revised its growth forecast for Mongolia in 2023 to 5.8 percent from 5.2 percent, due to stong rebounds in mining sector, private consumption and fiscal expansion, local media reported Wednesday.

"In the first half of 2023, Mongolia's economy exhibited robust growth, primarily propelled by the mining sector. Early indicators suggest that this growth trend has pe