Canadian Manufacturing

U.K. PM Cameron says global economic prospects ‘bleak’

Cameron made the remarks inn an op-ed piece in the Guardian newspaper

November 17, 2014  by The Associated Press

LONDON—Britain’s Prime Minister David Cameron has offered a bleak assessment of global economic prospects, comparing potential troubles to red warning lights on a car’s dashboard.

Writing in an op-ed piece in the Guardian newspaper after returning from the G-20 summit in Australia, Cameron said November 17 that a lack of growth in Europe and conflicts in the Middle East and Ukraine add to the backdrop of instability.

Cameron also suggested that austerity measures might not be loosened despite Britain’s growing economy. The remarks come only weeks before his Autumn Statement on government spending.

“As the global economy faces greater uncertainty, it is more important than ever that we send a clear message to the world that Britain is not going to waver on dealing with its debts,” Cameron said.