British Prime Minister Gordon Brown said on Saturday the slowing US economy would have an impact on the European economy in the next few months but predicted the British economy would remain stable.
"What's increasingly clear is that all others, each country, over these next few weeks and months has got to steer a course of stability," Brown told a news conference at the Commonwealth summit in the Ugandan capital. "There is absolutely no doubt that the American economy now will slow. It will have an effect on the European economy over these next few months.
"It is probably the first quarter of next year that will see the biggest impact on the American economy, particularly house-building and the housing market." Brown said he believed that Britain would be able to steer "a course of growth over the next period of time and that the British economy will continue to show itself, even faced with these difficult challenges, able to steer a course of stability."