David Cameron warns of looming second global crash

PM says ‘red warning lights are flashing’ against a backdrop of instability and uncertainty, as G20 summit draws to a close

David Cameron: red lights are flashing on the global economy

David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when the financial crash brought the world to its knees six years ago.

Writing in the Guardian at the close of the G20 summit in Brisbane, Cameron says there is now “a dangerous backdrop of instability and uncertainty” that presents a real risk to the UK recovery, adding that the eurozone slowdown is already having an impact on British exports and manufacturing.