World economy almost 'staring down the barrel', says David Cameron

Stock markets around the world have fallen heavily on fears that major economies are at risk of slipping back into recession.

The World Bank President, Robert Zoellick, said the global economy was in a danger zone while David Cameron joined a call for the United States and Eurozone countries to take decisive steps to prevent their economic problems causing global recession.

In a speech at the Canadian parliament in Ottawa, Mr Cameron said the solution for most countries could not be simply to borrow more.