The Paris-based watchdog of industrialized nations on Thursday raised its forecast for economic growth next year in rich countries, but warned that the recovery will remain modest for some time.
The Organization for Economic Cooperation and Development predicts 2010 growth at a 1.9 percent pace in its 30 member countries, which include the U.S., Japan, Germany and the United Kingdom.
That is more than twice June's forecast of 0.7 percent, but growth will likely remain fragile, the group said.
"In most OECD economies, growth is likely to fluctuate around a modest underlying rate for some time to come," said the organization's top economist, Jorgen Elmeskov, in an editorial.
"It is being held back by still substantial headwinds. It is only some time down the line that the recovery will become sufficiently strong to begin to reduce unemployment."
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