Eurozone to Avoid Recession, Growth to Accelerate in Third Quarter: ECB Survey

A symphony of light consisting of bars, lines, and circles in blue and yellow, the colors of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Dec. 30, 2021. Wolfgang Rattay/Reuters

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.