OECD Secretary General Angel Gurria
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OECD chief Angel Gurria urges not to delay tough decisions

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.

The independent Office for Budget Responsibility's forecast is for 1.9% growth this year. The OECD called the government's cuts "ambitious and necessary".

OECD Secretary General Angel Gurria told the BBC: "Every year that you delay the tough decisions, the pill you are going to have to swallow will be bigger and more indigestible."

  • 16 Mar 2011