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Double-dip recessions, also called "W shaped" recessions, are painful to investors as they get burned on the way down and then burned again on the temporary recovery.
On Thursday, Britain's Office for National Statistics did just that, now saying the country did not experience a double-dip recession in the first months of last year.
A double-dip recession is when a country's economy contracts, then returns to positive growth for a short period of time, then falls back into recession.
With these definitions we now use the business cycle reference dates established by the NBER and real gross domestic product data from the Bureau of Economic Analysis to evaluate the evidence for any double-dip recessions in the United States.
While this term dates back to at least the early 1980's, there does not appear to be a generally-accepted definition of what is meant by a double-dip recession in either academia or within the public sector.
Our primary conclusion is that the United States has experienced only one double-dip recession since 1929, that occurring in the immediate post-World War II period.
came to a double-dip recession in this period was the experience during the early 1980's when peak real GDP in the third quarter of 1981 was only $122 billion above the reversion point, achieved in the first quarter of 1980.