Growth of Mongolia's mining and agriculture industry is fast pace and with a forecasted average yearly economic growth rate of 20% over the next 5 years, Mongolia boasts one of the world's highest economic growth rates*1.
Against this backdrop, the projected real economic growth rate for fiscal 2015 was revised downward to 1.2 percent in the Outlook Report compared with the projection of 1.7 percent in the July 2015 interim assessment Chart 1.
The growth rate of the economy for the October-December quarter of 2010, in particular, is highly likely to turn out negative following the higher-than-expected growth in the July-September quarter.
Moreover, since independence, the average annual real economic growth rate has been estimated to be lower than that of the population growth rate resulting in a declining real per capita income or in a deteriorating standard of living.
年前半の中国経済成長率は公式統計7%を下回っているのはほぼ確実で、実態は4、5%台と推定される。
It is highly probable that the economic growth rate of China in the first half of 2015 will fall below 7% in the official statistics, with the actual status estimated at around 4% to 5.
During those 15 years, while the average annual nominal economic growth rates of other advanced nations were between 6 and 10 percent, Japan's reached 15 percent.
In fact, the growth rate of the economy remained low at around 1 percent even after 1993, and there were concerns about the occurrence of a deflationary spiral at one time in 1995.
The government has set an economic growth rate target of 2.3%, but during the past three years of the Abe administration, there has been an average of 1% growth and most recently this has even become negative growth..
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