Definition of double-dip recession noun from the Oxford Advanced Learner's Dictionary


double-dip recession

BrE BrE//ˌdʌbl dɪp rɪˈseʃn//
; NAmE NAmE//ˌdʌbl dɪp rɪˈseʃn//
(also double-dip)
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a recession (1) (= difficult time for the economy of a country) during which a period of economic decline is followed by a brief period of economic growth, before the economy starts to decline again The country has now officially entered a double-dip recession.