Meaning of “double-dip recession” in the English Dictionary


"double-dip recession" in Business English

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double-dip recessionnoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)