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The shadow chancellor, Ed Balls, has given his response to the OECD's economic forecasts for UK growth. He said:
The Organisation for Economic Co-operation and Development's full interim economic assessment can be found here.
Economic growth in the G7 countries is expected to be firmer through the first half of 2012, but the recovery remains fragile and will likely proceed at different speeds in North America and Europe, the OECD has said in its latest Interim Economic Assessment.
The Chancellor has given his reaction to the Organisation for Economic Co-operation and Development's warning that the UK is in a recession after the economy contracted in the first quarter of 2012.
George Osborne said: "Our own forecast from our own independent body says we are going to avoid a recession".
The OECD's gloomy forecast for UK growth in the three months to the end of March comes after official figures revealed the economy contracted by 0.3% in the final quarter of 2011.
This was worse than the previous estimate of a 0.2% fall.
The OECD also warned the recovery for the world's biggest economies would be fragile, with the outlook for Europe "very weak".
The Organisation for Economic Cooperation and Development has forecast growth of Britain's economy of 0.5 percent in the next quarter of April-June.
Asked about the warning from the Organisation for Economic Cooperation and Development that Britain is in a recession, the Chancellor George Osborne has said the Government's own forecast predicts that the UK will avoid it.
He has warned that people should wait to see what the OECD's figures actually say.
The Organisation for Economic Cooperation and Development has said it expects a -0.4 percent contraction for the UK economy in this quarter, following on from last quarter's -0.3 percent figure.
The generally accepted definition of a recession is when an economy suffers two consecutive quarters of negative growth.
Latest ITV News reports
The OECD say we are officially back in a recession; but the City says we are not. Either way the recovery is looking grim.