A set of closely-watched business surveys gave a terrifying glimpse into the scale of Europe's looming coronavirus recession

· Europe's economy nosedived in March, with surveys from the continent's three largest powers tanking to record lows far worse than anything witnessed even during the depths of the financial crisis.
· The composite Purchasing Managers' Index for the eurozone posted a reading of 13.5 in April, down from 29.7 in March.
· The...