UK economic growth forecast cut by OECD

The prediction is a sharp revision to its earlier estimate made in May, when it forecast growth of 0.5%.

The OECD also cut growth forecasts for other major developed economies, saying that the eurozone debt crisis poses the greatest risk to global growth.

Its growth forecast for Germany - the main driver of growth in the eurozone - was cut to 0.8% from 1.2%.

Source & Image : BBC