European shares drop on doubts over speedy recovery
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(Reuters) - European shares retreated on Thursday as comments from U.S. officials fanned concerns of a prolonged economic downturn due to the coronavirus outbreak, while investors eyed the prospect of a second wave of infections fearfully.The pan-European STOXX 600 slid 1.7%, falling past a one-week low hit on Wednesday after the Federal Reserve Chair Jerome Powell warned of a recession worse than any since World War Two, and called for additional fiscal spending.Automakers , oil and gas and..