Definition
A second recession following a brief period of growth. A double-dip recession must come after an initial period of general economic decline. Essentially, the country's GDP slides from negative to positive and eventually back to negative. If a country experiences a double-dip recession, the impact on the economy will be worse than the initial recession. In some cases, a double-dip recession has the ability to catapult a country into a depression.
Related Articles
- Understanding Homeowner's Insurance Policies *
- Introduction to Stocks *
- College Loans Overview *
- Common Stock Strategies - Part 1 *
- Introduction to Taxes and Basic Information *
- Considerations While Choosing a Bank *
- Introduction to Mutual Funds and their Advantages *
- The FOMC and its Impact on Monetary Policy *
Related Videos
http://www.businessdictionary.com/definition/double-dip-recession.html
