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What is double dip recession?

In: Economics [Edit categories]

Answer:

Its when an economy has two back to back recessions in a relatively short time span. The second of which is usually a result of an economy so weakened by the underlying problems that caused the first that the economy falls back into recession after all attempts of government intervention can no longer prevent it.

First answer by Como651. Last edit by Como651. Contributor trust: 3 [recommend contributor ]. Question popularity: 2 [recommend question].

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