Editor's blog: We're balancing on a knife-edge

We could be heading for the dreaded double-dip. Didn't someone warn us this would happen?

by
Last Updated: 31 Aug 2010

It’s not seemly to be melodramatic or alarmist but it feels like we’re on a bit of a knife edge at the moment. With the dog days of August soon to be upon us, on the one side of the blade is a slow but rather anaemic recovery but on the other is a slide back down into a second hollow of recession. With such miserable, non-stop talk of cuts and austerity in the air, it’s hard to accentuate the positive at the moment. Today’s second quarter GDP figures look encouraging on the face of it, but there’s a nagging voice at the back of my mind telling me it’s only be a blip rather the start of a long-term upward trend. [CONTINUES]

In today's bulletin:
Growth hits four year high - but may have peaked
Microsoft pips Apple - and other US bellwethers shine too
UK insurance fraud hits record £840bn
Students (and Scouts) get the entrepreneur bug
Editor's blog: We're balancing on a knife-edge

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