FRANKFURT—The eurozone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday.
The economy is now expected to grow by 0.1 percent in the second quarter, accelerating to 0.4 percent in both the third and fourth quarters, the ECB’s Survey of Monetary Analysts showed.
The survey, a key input in ECB policy deliberations, also predicted that the ECB would raise its deposit rate by a combined 75 basis points this year and a combined 150 basis points by the end of next year, with the rate peaking at 1.25 percent in mid-2024….