David Cameron thinks the global economy is heading toward disaster

BRISBANE, Australia, Nov. 16 (UPI) -- After attending the G20 summit in Brisbane, Australia and meeting with world leaders, the UK's Prime Minister David Cameron wrote that the global economy is heading for a disaster in The Guardian's opinion section on Sunday.

"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," he wrote. He claims the eurozone is "on the brink of a possible third recession" and faces "high unemployment, falling growth and the real risk of falling prices too."

He said ebola outbreaks, conflict in the Middle East and Russia's actions in Ukraine are all killing global trade. He asserted Britain's economy is growing quickly, but he said the economical problems of other countries can affect them, and the country cannot "spend, borrow and tax our way to prosperity."

"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. This stability is vital in attracting the business and international investment that delivers growth and jobs, and which keeps long-term interest rates low. So we will stick to our plan on the deficit and continue to use monetary policy to support growth without adding to borrowing or debt. The G20's Brisbane Action Plan reaffirmed the critical importance of this approach," Cameron wrote.