The current account deficit of the balance of payments has increased significantly, to $2.1 billion.
The national Bank estimates GDP growth in July-September at 3.1%.
This is stated in the inflation report of the NBU.
“In the third quarter of 2018, the growth of Ukraine’s economy slowed somewhat (to 3.1% yoy estimated NBU) amid the deterioration of the dynamics of the most basic sectors of the economy”, – stated in the message.
On the performance of agriculture was negatively affected by lower yield of early grain crops. The growth in the industry hampered the deterioration of the situation on foreign markets, repair work on several metallurgical enterprises and complications of freight traffic. These factors inhibited the increase in exports.
At the same time, continued increase in remittances of labor migrants, along with the growth of wages and social benefits has stimulated consumer demand and imports. As a result, the current account deficit of the balance of payments has widened substantially (to $ 2.1 billion in January – August).
An additional factor in the expansion of the deficit has been the increase in dividend payments.
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