In its latest economic outlook released on Monday, the OECD said the level of uncertainty surrounding the U.S. economy was high and risks were heavily tilted to the downside.
"Negative spillovers from the turmoil in European markets could be greater than expected and have the potential to derail the recovery in activity and renew fears among financially fragile households and businesses," it said.
So far, analysts and some Federal Reserve officials have played down concerns that the euro zone debt crisis, which has roiled financial markets, will hit the broader economy hard....