On Tuesday, the April Chinese PMI surveys will be released. The market reacted positively to the recent upside GDP surprise for the first quarter of 2024. However, the positive headline figure masked the mixed underlying details. The pickup in growth was almost entirely driven by a decent increase in industrial production.
HIGH commodity prices and rising coal exports are propelling economic growth in Mongolia, allowing the country to develop its robust mineral resources, expand its services sector, and invest in green agriculture and energy.
Mongolia exported 31.7 million tonnes of coal in 2022, an increase in vol
Rising coal prices and robust exports, coupled with efforts towards infrastructure development, economic diversification, and sustainable initiatives, are fueling Mongolia s economic growth.