ECONOMIC expansion in the third quarter may slow to 6.5 percent from 7 percent in the second quarter due to sluggish exports and uncertain growth path of remittances, First Metro Investment Corp. and University of Asia and the Pacific said in a joint report Wednesday.
“Employment numbers in July and continued high growth in durable goods imports provide much confidence for a strong performance in the third quarter,” the economists said in the October issue of the Market Call.
- Advertisement -
“However, the erratic movements in OFW remittances and continued weakness in exports may pull growth closer to 6.5 percent,” the report said.
