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European shares fall on economic growth woes

European shares fall on economic growth woes
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First Published: Thu, Mar 12 2009. 02 25 PM IST
Updated: Thu, Mar 12 2009. 02 25 PM IST
Frankfurt: European shares fell early on Thursday, tracking declines in Asian stock markets, amid renewed worries about the health of the global economy.
At 1:40pm, the FTSEurofirst 300 index of top European shares was down 0.8% at 687.43 points.
Financials such as Deutsche Bank, down 5.1%, UBS, down 3.1%, and BNP Paribas, down 3.9%, led the slide.
World Bank President Robert Zoellick told the Daily Mail newspaper that the global economy is on track for its worst recession since the 1930s with output likely to shrink by 1 to 2% this year.
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First Published: Thu, Mar 12 2009. 02 25 PM IST
More Topics: Markets | Europe | Stocks | Economy | Recession |