PHILIPPINE economic growth lost steam and grew by 6.4 percent in the first quarter of the year on slower government spending and a higher comparative base given last year's election spending, which last year helped boost economic activity with the additional liquidity.

In the first three months of the year, the gross domestic product (GDP) moderated from 6.9 percent a year earlier and from 6.6 percent in the fourth quarter of 2016, the Philippine Statistics Authority (PSA) reported on Thursday.

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