Recovery in the global economy is emerging, but still remains weak, the Organization for Economic Cooperation and Development (OECD) said on Thursday.

"Given the positive economic news and based on incoming high-frequency indicators, OECD short-term forecasting models point to an earlier recovery than envisaged a few months ago," said the OECD in its latest interim economic assessment, advising governments to continue to stimulate their economies.

The Paris-based organization forecast economic growth in the Group of Seven countries to contract by 3.7 percent in 2009, which was previously expected in June to drop by 4.1 percent.

It saw a slight improvement in Japan and Europe. The situation in the United States was unchanged, and there was continued recession in Britain.

China has notable performance with over 14 percent of GDP growth in the second quarter, which continues to increase. Thanks to policy stimulus, other Asian emerging-market economies have also strongly rebounded.

(Xinhua News Agency September 4, 2009)