Speaking after the G20 meeting of world leaders, David Cameron said a “dangerous backdrop of instability” threatened Britain’s recovery, and “we should stick to our long-term plan”.
He warned of the impact from conflicts, low growth and a eurozone “on the brink” of recession, according to the BBC.
Labour said Britain’s economic recovery was still not being felt at home.
Cameron 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”.
He said: “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.”
The Ebola epidemic, conflict in the Middle East and Russia’s illegal actions in Ukraine were all adding to a “dangerous backdrop of instability and uncertainty”, he added.
The warning comes after Cameron pushed for a free trade deal between the European Union and the US at the G20.
He said leaders had agreed the Transatlantic Trade and Investment Partnership (TTIP) “is a deal we want”, urging the European Commission to put the deal “at the top of its do-do list”.
Official figures released on Friday showed that Italy returned to recession after its economy contracted 0.1% in the third quarter – the 13th quarter in a row that it has failed to grow.
