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.

OECD fears global recovery could spiral into 'stagflation'

The OECD has sent out a stark warning the global economic recovery could spiral into stagflation on the back of rising oil and commodity prices.

In its latest economic outlook, the group's chief economist Pier Carlo Padoan said this will lead to stagnant growth and high inflation in some countries.

UK recovery subdued for two years, says OECD

The UK economic recovery will remain subdued for two years, with government spending cuts and slowing world trade weighing down growth, a report says.

The Organisation for Economic Co-operation and Development (OECD) estimated growth this year of 1.5%, rising to 2% in 2012.