Definition, Meaning & Synonyms

triple-dip

Noun

/ˈtrɪp.əl dɪp/

Definition

A situation in which a specific financial or economic indicator experiences three consecutive declines or setbacks.

Examples

Many economists are concerned about a possible triple-dip recession looming ahead.
After seeing a triple-dip in sales last quarter, the company implemented new marketing strategies.
The stock market faces a triple-dip risk if uncertainties continue to plague investors.

Meaning

The term refers to a scenario where there are three instances of negative performance, particularly regarding economic growth or financial market indicators.