Definition of Double-Dip Recession What is a "double-dip
recession"? What is the definition of a "double-dip recession"?
The generally accepted definition of a "recession" is (at least)
two straight quarters of negative GDP (Gross Domestic Product)
growth. A "double-dip recession" occurs when you have, in this
order: 1. A recession. 2. A short period of growth. 3. Another
recession. A "double-dip recession" is also referred to as a
"W-shaped" recession. "Double-dip recessions" are extremely
damaging, not only to the economy, but also to the moral of the
citizens of a country. Recessions are hard enough. Imagine
believing that the economy is starting to recover, only to be
met with news that the country has slipped into yet another
recession. The second recession in a "double-dip" recession is
usually worse than the first, due to the fact that so many
people are incredibly disheartened and pessimistic. The United
States (and the rest of the world) will be desperately trying to
avoid a "double-dip" recession in