Virus threatens historic slump as Europe eyes lockdown exit

Brussels (AFP) – Europe faces an economic catastrophe under the coronavirus unprecedented in the modern era, financial leaders warned Thursday, despite modest signs that the world is getting a handle on the epidemic as it plots a course out of lockdown.Asian and Europe markets recovered slightly after South Korea appeared to have turned a corner, reporting no new coronavirus cases for an entire day, and American scientists reported positive tests for an improved treatment.But US shares opened down on more bad news for jobs and growth, particularly in Europe, where European Central Bank chief C…

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