26th May 2011
The warnning came from Pier Carlo Padoan, chief economist of the Paris-based Organisation for Economic Co-operation and Development (OECD).
He told The Times newspaper (paywall) that there was "scope for slowing the pace," after the thinktank cut its UK growth forecast for the second time this year.
The Guardian reported that the OECD forecasts for UK economic growth in 2011 were "significantly" lower than those of the UK government's financial watchdog, the Office for Budget Responsibility.
It has predicted growth of 1.7% this year and 2.5% for 2012.
Borrowing costs would also have to rise, it added.
Some commentators on the Guardian's story questiond the Government's ability to deal with defict
Jimlad writes: "Slowly the chickens are coming home to roost. The coalition can't say they weren't warned.
"Without their creative accountancy the real headline should read. Britain falls back into recession. But I'm afraid things will need to get a great deal worse before the Coalition take some carefully worded advice and accept.