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Economy: Recovery slowing amid increased uncertainty, says Interim Economic Assessment

Economy: Recovery slowing amid increased uncertainty, says Interim Economic Assessment

The world economic recovery may be slowing faster than previously anticipated, according the OECD’s latest Interim Economic Assessment. Growth in the Group of Seven countries is expected to be around 1½ per cent on an annualized basis in the second half of 2010 compared with the previous estimate of around 1¾ per cent in the OECD’s May Economic Outlook.