A double-dip recession should not to be ruled out with new growth figures

“Half” of the surprise upturn was down to government action.

So, Alistair Darling was right. The economy has been growing faster and bigger than expected. New figures, as my colleague George Eaton has reported, show growth of 1.1 per cent in April to June, against the forecast of 0.6 per cent. As George says, this trend speaks strongly against imposing cuts now.

There is another point here: leading economists are pointing out that we should not get excited about a general upturn in the economy, and one of the reasons is that at least half of that growth is said to have come from active intervention pursued by the last government.

Therefore, given this coalition's diametrically opposed, non-interventionist approach, the prospect of a "double-dip" recession, long predicted by our own Danny Blanchflower, is far from off the agenda.

James Macintyre is political correspondent for the New Statesman.
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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.