Third quarter GDP growth slowed to 3.1% in annual terms, down from 3.8% in the second quarter

Third quarter GDP growth slowed to 3.1% in annual terms, down from 3.8% in the second quarter, reports the National Bank of Ukraine. Low grain prices and rail freight bottlenecks pulled down growth. On the upside, remittances from workers abroad are coming in at almost $1 billion a month, about 20% higher than last year’s levels. The central bank forecasts Ukraine will end this year with GDP growth at 3.4% and inflation at 10.1%.