ECB expects growth, even in ‘most severe scenarios’ – de Guindos
Outgoing vice-president downplays chances of Lagarde finishing her term early
Luis de Guindos, the European Central Bank’s outgoing vice-president, has said he does not expect the Middle East crisis to push the eurozone economy into recession.
In an interview with Spanish newspaper El Mundo on March 20, de Guindos touched on the effects of the conflict as well as ECB succession plans and the general health of the eurozone economy.
He said the central bank’s baseline projection, which it released on March 19, assumed energy prices would peak in the second quarter of 2026
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