double-dip recession

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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.

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