A leading economic think-tank is warning that the Eurozone could be entering recession.
The Organisation for Economic Co-operation and Development (OECD) has cut its global forecast and is predicting the Eurozone economy will shrink by 1% in the final quarter of this year, and a further 0.4% in the first three months of 2012.
It is also forecasting global economic growth to 3.8% this year and 3.4% next year.
The OECD has also warning that a "negative event" in the Eurozone could cause a global contraction.