double-dip recession Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​economicactivity goes down, ​increases a little, and then goes down again: Lower ​interestrates may ​help the ​economyavoid a ​double-diprecession, but are unlikely to encourage a ​fullrecovery.
(Definition of double-dip recession from the Cambridge Business English Dictionary © Cambridge University Press)
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