World markets fall on concerns about US recovery

World markets mostly fell Friday as downbeat U.S. indicators showed the recovery in the world's largest economy is weaker than expected.

The latest official estimates show the U.S. economy expanded by 2.7 percent in the first quarter, less than the government's expectation of 3 percent.

Together with muted forecasts from major retailers such as Nike and poor employment and housing figures earlier this week, the data shows the U.S. economic recovery is losing steam.

Britain's FTSE 100 stock index was up 0.4 percent at 5,081.53 while Germany's DAX was 0.6 percent lower at 6,079.53. France's CAC-40 was down 0.6 percent at 3,532.51.

After …