Double-Dip Recession

When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.

The causes for a double-dip recession vary but often include a slowdown in the demand for goods and services because of layoffs and spending cutbacks from the previous downturn.

A double-dip (or even triple-dip) is a worst-case scenario. Fear that the economy will move back into a deeper and longer recession makes recovery even more difficult.

Investment dictionary. . 2012.

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  • double-dip recession — ➔ recession * * * double dip recession UK US noun [C] (also double dip) ECONOMICS ► a period of time during which economic activity goes down, increases a little, and then goes down again: »Lower interest rates may help the economy avoid a double …   Financial and business terms

  • double-dip recession — /dʌbəl dɪp rəˈsɛʃən/ (say dubuhl dip ruh seshuhn) noun an economic recession characterised by a brief recovery after which there is renewed decline, especially as indicated by the gross domestic product of a country falling back into the negative …   Australian English dictionary

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  • recession — noun ADJECTIVE ▪ bad, deep, major, serious, severe, sharp, steep ▪ It was the worst recession since the war. ▪ …   Collocations dictionary

  • Recession — This article is about a slowdown in economic activity. For other uses, see Recession (disambiguation). Economics …   Wikipedia

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