Asian Development Outlook 2016 Economic growth in Mongolia decelerated sharply in 2015, but so did inflation, and the current account deficit narrowed. Growth will stagnate in 2016 under lower mining output and necessarily tight macroeconomic policies. Inflation will dip further before climbing again in 2017. Consistent fiscal policy, effective continuing efforts to diversify the economy, and ensuring social protection are important challenges of economic management in Mongolia. Read more from
Economic forecasts for East Asian countries
| Country | 2016 | 2017 |
| China, People's Republic of | 6.5 | 6.3 |
| Hong Kong, China | 2.1 | 2.2 |
| Korea, Republic of | 2.6 | 2.8 |
| Mongolia | 0.1 | 0.5 |
| Taipei,China | 1.6 | 1.8 |
| Average | 5.7 | 5.6 |
Economic forecasts for East Asian countries
Inflation | Country | 2016 | 2017 |
| China, People's Republic of | 1.7 | 2.0 |
| Hong Kong, China | 2.5 | 2.7 |
| Korea, Republic of | 1.4 | 2.0 |
| Mongolia | 3.0 | 7.0 |
| Taipei,China | 0.7 | 1.2 |
| Average | 1.6 | 2.0 |
Economic forecasts for East Asian countries
| Country | 2016 | 2017 |
| China, People's Republic of | 2.7 | 2.5 |
| Hong Kong, China | 2.0 | 1.8 |
| Korea, Republic of | 6.5 | 5.5 |
| Mongolia | -8.0 | -15.0 |
| Taipei,China | 14.8 | 15.3 |
| Average | 3.6 | 3.3 |