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Double-Dip Recession |
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Double-Dip Recession A long-term macroeconomic trend characterized by a recession, a recovery, and then another recession. For example, the United States economy entered a recession in 1929, which continued until 1933. Recovery continued until 1937, at which point a second recession began. Double-dip recessions often have weak recoveries in between the recessions (though the example above included some years of very strong growth); analysts therefore tend to worry about a double-dip recession when a recovery is weak. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The good news, is fears of a double-dip recession or deflation have, by and large subsided. ``The probability of a double-dip recession has certainly risen,'' said Sung Won Sohn, chief economist at Wells Fargo in Minneapo is still mired in a pretty GDP Number: With renewed concern about the possibility of a double-dip recession the advance fourth quarter gross domestic product figure, due out Thursday (20th), will be watched closely on Wall Street. |
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