March 13, 2020 / 12:13 PM / 23 days ago

BRIEF-BBVA's CEO Torres: Too Early To Evaluate Full Effects Of Coronavirus Crisis on World Economy

March 13 (Reuters) - BBVA’s CEO Carlos Torres said:

* IT IS TOO EARLY TO EVALUATE FULL EFFECTS OF CORONAVIRUS OUTBREAK ON WORLD ECONOMY

* BANK RESEARCH DEPARTMENT ESTIMATES V-SHAPED RECOVERY WOULD STILL TAKE 0.5 PERCENTAGE POINT OFF WORLD ECONOMIC GROWTH IN 2020, BUT FORECASTS CHANGE VERY FAST

* GOVERNMENTS’ TARGETED TAX, LABOUR MEASURES CRUCIAL TO MITIGATE CORONAVIRUS IMPACT ON COMPANIES AND MOST VULNERABLE PEOPLE Source text for Eikon: Further company coverage: [ ] (Madrid Newsroom)

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