close
    double dip recession

    +1  Views: 617 Answers: 1 Posted: 14 years ago

    1 Answer

    A single dip recession is when an economy goes into a prolonged weakness (typically defined as 2 more quarters of negative growth in the Gross Dometic Product or GDP).  This trend, at some point, reverses itself and the economy begins to expand again.  A double dip recession occurs when, as the economy begins to grow again from the first dip, some unfortunate event (like September 11, 2001) occurs, causing the economy to contract for the second time.


     



    Top contributors in Investing category

     
    Chiangmai
    Answers: 63 / Questions: 3
    Karma: 1485
     
    ROMOS
    Answers: 34 / Questions: 0
    Karma: 1395
     
    Benthere
    Answers: 3 / Questions: 0
    Karma: 1320
     
    Colleen
    Answers: 77 / Questions: 0
    Karma: 1305
    > Top contributors chart

    Unanswered Questions

    Rik06vip
    Answers: 0 Views: 12 Rating: 0
    zbetguru1
    Answers: 0 Views: 12 Rating: 0
    Nhà cái ZBET
    Answers: 0 Views: 11 Rating: 0
    Nhà cái ZBET
    Answers: 0 Views: 12 Rating: 0
    AO88
    Answers: 0 Views: 12 Rating: 0
    taptapvn net
    Answers: 0 Views: 16 Rating: 0
    > More questions...
    546391
    questions
    772595
    answers
    901594
    users