More gloomy economic data yesterday led one of the world's leading economists to say that Britain, the US and the eurozone are all already in recession, and warn of a second financial crisis worse than that of 2008–9. The Prime Minister spoke in Canada after delivering a blunt warning to President Barack Obama and eurozone leaders about the need to follow Britain's example and curb their deficits.
In a speech in Ottawa, Mr Cameron said that Western politicians must show more "leadership" and warned that political indecision would only worsen the crisis.
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