The global economy is facing “red warning lights”, according to David Cameron.
The PM, writing in the Guardian, said in contrast to Britain’s growth, the world economy was suffering.
“Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy,” the prime minister began.
“As I met world leaders at the G20 in Brisbane, the problems were plain to see. The eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too. Emerging markets, which were the driver of growth in the early stages of the recovery, are now slowing down.”
Cameron also warned while the UK was doing well, we could not completely insulate ourselves from the problems in other parts of the world.
“We cannot insulate ourselves completely, but we must do all we can to protect ourselves from a global downturn,” he added
“Working through the agenda at the G20, it was clearer than ever how vital it is that we stick to our long-term plan at home and at the same time play our part in the international response to the global challenges on which our economic security also depends.”