Representational file photo.
Ulan Bator: The World Bank has revised down Mongolia's gross domestic product (GDP) growth forecast for 2025 to 5.9 percent, compared with its previous estimate of 6.3 percent made in April, according to a report released Tuesday.
Meanwhile, the World Bank raised its projection for 2026, expecting Mongolia's economy to expand by 5.6 percent, up from the 5.2 percent forecast in April.
The latest adjustments reflect the impact of U.S. tariff-driven uncertainty on the global economy, the World Bank said in its report.
Last month, the Asian Development Bank also trimmed its forecasts for Mongolia's GDP growth in both 2025 and 2026 to 5.7 percent, citing weaker exports and the lingering effects of high inflation.
Mongolia's economy grew 5.6 percent in the first half of 2025, according to the country's National Statistics Office.
