OECD predictions for global economic growth

The OECD has outlined a grim outlook for the euro area as a whole, while it says the UK is on track for a 'slow pace of expansion'. Here is a detailed breakdown of how it thinks the world's biggest economies will shape up in the coming months.

                              Year on year growth rate (%)   OECD growth cycle outlook
OECD area                         1.2                             Stable pace of expansion
Euro area                             0                                Mild loss of growth momentum
Major Five Asia*               -0.6                              Loss of growth momentum
Canada                              1.7                               Mild loss of growth momentum
France                               -1.3                              Slowdown
Japan                                n/a**                             n/a
Germany                           1.3                                Stable pace of expansion
Italy                                   -2                                 Slowdown
United Kingdom              -1.8                                 Stable, slow pace of expansion
United States                    2.8                                  Expansion
Brazil                              -3.3                                  Slowdown
China                               -1.6                                 Loss of growth momentum
India                               -2.9                                  Slowdown
Russia                               5.2                                  Possible loss of growth momentum

*China, India, Indonesia, Japan and Korea.

**Data for Japan was excluded from the OECD's latest analysis because of exceptional circumstances following the earthquake and subsequent nuclear disaster.

Source: www.telegraph.co.uk