double-dip recession
Recovery then collapse
A double-dip recession is an economic downturn that begins to recover, then falls back into recession before fully rebounding.
The pattern resembles the letter W on a graph of economic output.
The term gained currency after the 2008 financial crisis, when economists debated whether early recovery signs would hold: Fears of a double-dip recession kept investors cautious.
- economic downturnDecline in financial activity
- stagflationStagnant growth meets inflation
- fiscal austerityReduced government expenditure policy
- quantitative easingAsset purchases to boost economy
- financial crisisSevere economic system breakdown
credit crunch · stock market crash · trade wars · tax reductions · social unrest · belt tightening · depression · hard times · Main Street · housing market · bear market · unemployment · job losses · consumer confidence
double-dip recessioneconomic boom
Sustained period of growth
economic expansion · continuous growth · bull market · economic recovery · prosperity
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