CORRECTED - (OFFICIAL)-IEA says oil spike could hurt economy

(IEA corrects 2010 demand increase figure to 1.42 million bpd from 1.6 million bpd)

QUINTERO, Chile, Oct 22 - A rapid rise in oil prices could hamper the global economic recovery, the executive director of the International Energy Agency said on Thursday, but added it was too early to say if that would be the case.

"If the movement is too rapid, a spike in prices, it could have a very negative impact on the world economic recovery," Nobuo Tanaka, executive director of the IEA, told Reuters in Quintero, Chile.

When asked if current prices were the start of a spike, he said, "It is difficult to say. If it is reflecting strong economic recovery it may not necessarily be worrisome, but if that is not the case it could be very negative.

IEA estimates world oil demand would increase by 1.42 million barrels per day in 2010 compared with 2009.

"We still see next year and in 2011 good spare capacity levels but after that, if the demand growth is robust, spare capacity will decline toward 2013, 2014 and 2015 and then maybe a tighter market will come back," he said.