By Daniel Hunter

There are "red warning lights" over the state of the global economy, according to Prime Minister David Cameron.

Speaking at the G20 summit, Mr Cameron said the UK "we should stick to our long-term plan" as the "dangerous backdrop of instability" in the global economy threatens the country's economic recovery.

Writing in an article for the Guardian, the Prime Minister said: "Red warning lights are once again flashing on the dashboard of the global economy.

"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 warnings came as he pressed ahead for a trade agreement between the US and Europe. The Transatlantic Trade and Investment Partnership (TTIP) is "a deal we want", the Prime Minister said as he urged the European Commission to put it at the top of the agenda.

On Friday, the latest economic data for the eurozone painted a pretty bleak picture with Italy falling into another recession and Germany narrowly escaping one.

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