Q4 GDP growth seen at 6%

First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) expect a slow down in the country’s fourth-quarter gross domestic product growth because of the effects of Super Typhoon Yolanda and decline in electricity sales by the Manila Electric Co. (Meralco).

“Meralco electricity sales in October show a marked slowdown, a portent of the outlook for the rest of fourth quarter. Thus, we expect GDP [gross domestic product] growth in the fourth quarter to hover around 6 percent,” FMIC President Roberto Juanchito Dispo said in The Market Call monthly economic report released on Monday.