AKIPRESS.COM - Mongolia’s economy grew 6.9 percent in 2018, beating expectations and accelerating from a 5.3 percent pace the previous year, the statistics office said on Friday.

An increase in foreign trade revenues, particularly from resources such as coal and copper helped drive the expansion, which was higher than an Asia Development Bank forecast of 6.3 percent, Reuters reported.

“Increased mineral export revenues due to the higher commodity prices, and improved domestic demand, helped Mongolia’s economy perform better than expected,” said Lakshmi Boojoo, director of the Economic Policy and Competitiveness Research Center in Mongolia, an independent think tank.