GLOBAL MARKETS-World stocks slip as growth fears linger; euro and Swedish crown suffer

* Euro STOXX 600 down 0.2 pct

* MSCI world equity index falls 0.3 pct

* Swedish crown slumps to lowest in 17 years

* Turkish lira falls after central bank keeps policy tight

* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Updates prices; adds Turkish central bank decision)

By Tom Wilson

LONDON, April 25 (Reuters) - World shares slipped on Thursday as investors digested a mixed bag of European earnings and worries over global growth lingered, while the euro suffered after poor German data and the Swedish crown slumped to its lowest in 17 years.

The Euro STOXX 600 fell 0.2 percent, with concerns over the global economy underscored by weak economic data from South Korea rumbling and corporate earnings painting a mixed picture of corporate health across the region.

European shares were dragged down by a 10 percent drop in Finnish telecoms equipment maker Nokia, its biggest for 18 months. That helped knock the tech index 0.9 percent lower.

Asian markets had fallen earlier in the day, losing 0.5 percent as South Korea's economy unexpectedly contracted in the first quarter, giving a sharp reminder of the fragility of the world economy beyond the United States.

Shanghai's bourse also fell sharply late in the day, losing more than 2 percent as other Chinese markets lost ground after attempts by the central bank to temper expectations for further easing of monetary policy.

Chinese officials also warned of protracted pressure on economic growth, casting a shadow over hopes for a sustained recovery in the world's second biggest economy.

Those worries on growth also played out closer to home for European investors, with fears lingering about the state of the German economy after a survey on Wednesday showed a drop in business morale in Europe's biggest economy.

The MSCI world equity index, which tracks shares in 47 countries, also fell 0.3 percent.

Amid the concerns over growth, central banks across the world have maintained ultra-loose monetary policy. The Bank of Japan on Thursday pledged to keep interest rates very low at least until early 2020, even as it retained main policy targets.

Japan's benchmark Nikkei gave a muted response, while the Japanese yen also reacted little. The yen was last up about a third of a percent, at 111.80 yen per dollar.

"You certainly have a common response (from central banks) to a global growth slowdown in terms of monetary policy," said Peter Schaffrik, head of European rates strategy at RBC Capital Markets.

"We haven't generally seen outright reduction, but it is easing relative to what was previously communicated to, and implied in, the markets."

There were signs of growing strength in the U.S. dollar, which analysts said was partly a symptom of the world's largest economy maintaining relative strength and others, such as China, faring worse.

The dollar index, which measures the greenback versus a basket of six major peers, held near its highest since May 2017 hit on Wednesday.

"The Fed isn't keen to hike rates, but they are the strongest of the bunch so money will gravitate towards the U.S. dollar," said David Madden, an analyst at CMC Markets in London.

CROWN, EURO and LIRA SUFFER

The Swedish crown slumped to its lowest since August 2002, after the central bank said weak inflationary pressures meant a forecast rate hike would come slighter later than planned, holding benchmark borrowing costs unchanged.

The crown sank 1.4 percent versus the dollar to 9.55, its lowest since August 2002 SEK=D3 and was headed for its biggest daily loss versus the euro since November.

Monetary policy also loomed for emerging markets currencies.

The Turkish lira weakened 1.2 percent against the dollar, after Turkey's central bank said it would keep its tight monetary policy until the outlook on inflation significantly improved.

The lira has weakened 10 percent this year, extending last year's near 30 percent slide against the dollar.

The euro stayed near a 22-month, weakened by the further signs of flagging growth in Germany. It was last at $1.1127.

Also on the agenda for the single currency were Spanish elections on Sunday and economic concerns out of Italy.

In commodities, Brent oil rose above $75 per barrel for the first time this year as some Russian crude exports to Europe were suspended over quality fears, and the United States prepared to tighten sanctions on Iran.

Brent crude futures were last at $75.57, a gain of 0.9 percent.

For Reuters Live Markets blog on European and UK stock markets, please click on: (Reporting by Tom Wilson in London; Editing by Janet Lawrence, William Maclean)