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Business

Gearing up for the good times in Ulaanbaatar

Mongolia's economy was booming just a few years ago, but is now in the dumps due to the sharp drop in mineral resource prices across the globe. Mining forms 30 percent of the Asia country's economy. GDP growth has dwindled from an eye-watering 17 and a half percent in 2012, to a pace of only 3 percent in the first half of this year. But the bad times may be coming to an end.

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