Definition, Meaning & Synonyms

double-dip

verb

/ˈdʌb.əl dɪp/

Definition

To experience two recurrences of a negative situation; often used in economic contexts to refer to a recession that falls into a second downturn after a brief recovery.

Examples

The economy is at risk of a double-dip recession if growth does not continue.
Investors feared a double-dip as the stock market showed signs of declining again.

Meaning

The term ‘double-dip’ usually describes a situation where there is a brief recovery after a recession, followed by falling back into recession again. It can also be used in various contexts where a person or entity benefits or suffers from a situation more than once.