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English definition of “double-dip recession”

double-dip recession

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-dip recession, but are unlikely to encourage a full recovery.
(Definition of double-dip recession noun from the Cambridge Business English Dictionary © Cambridge University Press)
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