The OECD says the global recovery is slowing at a faster rate than previously thought.
The Organisation for Economic Co-operation and Development has lowered its growth forecast for 2010 for the G7 leading economies, bringing it down to 1.5% from its May estimate of 1.75%.
It expects growth in France, Germany and Italy to hover at about half a percent until the end of the year, and while the US economy is picked to grow by 2% in the third quarter, it will drop to 1.2% in the final quarter.
The OECD's chief economist, Pier Carlo Padoan, says the slowdown should be temporary, but he also says there's increasing uncertainty about the direction of the recovery.
