The Organisation for Economic Cooperation and Development (OECD) anticipates two-speed growth in the G7 nations, with the Eurozone lagging behind North America. It estimates G7 economies will grow at an annualised rate of 1.9% in Q1 and Q2 2012, and advised central banks to continue with policy easing to support the fragile recovery. The OECD forecasts that the US will record 2.9% and 2.8% annualised growth in Q1 and Q2 2012, respectively. This contrasts growth expectations in Europe. During Q1 2012, Germany is expected to grow 0.1%, while Italy and Britain could contract 1.6% and 0.4%, respectively. Britain could return to growth in Q2 2012, expanding 0.5%, while the Italian economy is expected to continue in recession, contracting 0.1%. The organisation estimates surging oil prices could reduce growth by 0.1–0.2% in 2012.