Stock markets drop on devastating growth data

New York (AFP) - Stock markets plunged on Thursday after economic growth data confirmed fears of COVID-19's bruising impact on the world economy.Key eurozone finished down more than two percent, while London dropped even more sharply. Wall Street also retreated after the Labor Department reported another spike in jobless claims, while oil prices surged for a second straight session.The EU economy shrank 3.5 percent in the first quarter, the first major indication of the devastation facing the bloc as a result of coronavirus.Separate figures revealed that the jobless total in Europe's biggest e...


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