© . FILE PHOTO: European Central Bank (ECB) Vice President Luis de Guindos makes a statement during the second day of the informal meeting of EU economic and financial ministers in Berlin, Germany September 12, 2020. Odd Andersen/ Pool via FRANKFURT () – Russia’s war in Ukraine will erode eurozone growth, but the bloc will still expand even as the conflict escalates, European Central Bank vice president Luis de Guindos said on Tuesday . “So so far we can dismiss the possibility of stagflation because even in the weakest scenario we are looking at growth of about 2% in 2022,” he told a conference, referring to a phenomenon of high inflation coupled with stagnant growth. . He added that while high energy prices are pushing inflation to record highs, there is no indication yet that inflation expectations are starting to pick up or “deanchor”. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.