“Red warning lights” are again flashing over the state of the global economy, the Prime Minister has warner.
Speaking after the G20 meeting of world leaders, David Cameron said a “dangerous backdrop of instability” threatened Britain’s recovery, and we should stick to our long-term plan”.
In a Guardian article, he warned of the impact from conflicts, low growth and a eurozone “on the brink” of another recession.
He said: “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.”
By contrast, the Bank of England has forecast that the UK economy will grow by 3.5% in 2014, remaining resilient in the face of the “subdued world demand”.
But it its latest update last week, it also warned that there were risks from the global economic situation and it revised down its forecasts for UK output next year.
Speaking after the G20 meeting of world leaders, David Cameron said a “dangerous backdrop of instability” threatened Britain’s recovery, and we should stick to our long-term plan”.
In a Guardian article, he warned of the impact from conflicts, low growth and a eurozone “on the brink” of another recession.
He said: “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.”
By contrast, the Bank of England has forecast that the UK economy will grow by 3.5% in 2014, remaining resilient in the face of the “subdued world demand”.
But it its latest update last week, it also warned that there were risks from the global economic situation and it revised down its forecasts for UK output next year.
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