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Double-Dip Recession

Double-Dip Recession Definition

Double-Dip Recession occurs when the economy has a recession, emerges from the recession and after a short period of growth falls back into another recession. The chart that describes gross domestic product (GDP) growth in a Double-Dip Recession looks like the letter "W". The root cause for a W-shaped recession is usually a slowdown in the demand caused by layoffs and spending cutbacks from the previous recession.


Additional meaning of Double-Dip Recession:

The Early 1980s recession in the United States is considered as a Double-Dip Recession.





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