After the close of the G20 summit in Brisbane, British prime minister David Cameron has voiced concerns that a second global economic crash may be on the horizon (as reported by the Huffington Post):
British Prime Minister David Cameron has voiced concerns of a second global economic crash following the G20 summit in Brisbane.
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David Cameron warned a fresh global economic disaster could be looming as Ebola, conflict in the Middle East and Russia’s interventions in Ukraine threaten to push the eurozone back into recession.
In a bleak assessment following the G20 gathering of international leaders in Brisbane, he said “red warning lights are once again flashing on the dashboard of the global economy” six years on from the crash that “brought the world to its knees”.
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Writing in The Guardian, he said: “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.
“Despite the progress in Bali, global trade talks have stalled while the epidemic of Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are all adding a dangerous backdrop of instability and uncertainty.”
To read more about the changing world and what you can do to prepare, visit: www.greatwavesofchange.org
