Cameron's bleak outlook

Britain's head of government, David Cameron told Monday's edition of the Guardian newspaper the prospects for the world economy were anything but rosy.

"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 said in an opinion piece after returning from the G-20 summit in Australia.

Cameron cited recession fears across the eurozone as the UK's main trading partner and the slowing of emerging economies, but also mentioned additional risk factors such as the Ebola epidemic and conflicts in the Middle East and Ukraine.

Keeping expenditures at bay

Facing a national election in May, he hastened to contrast the situation in many struggling nations with Britain's strong GDP expansion, with the EU Commission forecasting 3.1 percent growth for the UK throughout 2014, the highest among all large advanced economies.

Cameron promised his government would stick to its endeavors to cut the country's budget deficit and bring down public debt.

"Britain will face a choice: the long-term plan that has seen it prosper, or the easy answers that would surely have seen it fail," he said in a broadside to Labour party activists who'd been lobbying for more spending to fuel the economy.

hg/sgb (Reuters, AFP)