Global Recession Close to the Bottom: OECD

Recovery may also be slow in the eurozone, the OECD said, as rising unemployment weighs on consumer spending.

The OECD urged countries to both start devising their "post-crisis policy strategies" to roll back their stimulus measures, while also continuing with measures "to ensure a faster and more robust recovery."

Countries that have not already acted to remove uncertainty over their banks' balance sheets need to do so, while stress testing of banks should be employed to restore confidence, the OECD said.