European shares fall early on economic growth woes

FRANKFURT, March 12 (Reuters) - European shares fell early on Thursday, tracking declines in Asian stock markets, amid renewed worries about the health of the global economy.

At 0812 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.8 percent at 687.43 points.

Financials such as Deutsche Bank (DBKGn.DE) down 5.1 percent, UBS (UBSN.VX), down 3.1 percent, and BNP Paribas (BNPP.PA), down 3.9 percent, 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 1-2 percent this year. (Reporting by Peter Starck)