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Document Type: | General |
Publish Date: | 2009 |
Primary Author: | Tsedendorj Enkhbayar, Lkhagvajav Myagmartuvshin |
Edited By: | Suneela Farooqi |
Published By: | UNESCAP |
Inflation has subsided since its mid-2005 peak due to harsh weather conditions and consequent meat shortage. It has remained stable in light of strong domestic demand fueled by higher incomes and growing remittances from workers abroad. In Mongolia, housing is highly correlated with poverty in urban areas. Almost 90 percent of the poor live in ger areas in Ulaanbaatar and in aimag centers the figure is just over 80 percent.