Global recovery weaker than expected, OECD says

• The global economy is off to a weaker than expected start in the second half of the year, a senior international official said today.
• Earlier this month, the Paris-based organisation predicted the Group of Seven industrialised countries will grow by around 1.5 per cent on an annualised basis in the second half of 2010 - down from its previous forecast of 1.75 per cent in May. The G-7 comprises the U.S., Britain, Canada, France, Germany, Italy and Japan.