PHILIPPINE shares retreated on Tuesday after a single-day rebound as the market fretted over a potential downward revision to the growth forecasts this year for the economy by the International Monetary Fund (IMF) and other investment banks.

The Philippine Stock Exchange index (PSEi) fell 1.54 percent or 118.41 points to close at 7,551.96, while the All-Shares index dropped 1.13 percent or 49.51 points to 4,347.86.

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