Sunday, August 07, 2011

Double-Dip Recession

Hmmm ... so there are talks of a "Double-Dip Recession" now ... with US credit rating being downgraded


What Does Double-Dip Recession Mean?

When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.


Investopedia explains Double-Dip Recession

The causes for a double-dip recession vary but often include a slowdown in the demand for goods and services because of layoffs and spending cutbacks from the previous downturn.


A double-dip (or even triple-dip) is a worst-case scenario. Fear that the economy will move back into a deeper and longer recession makes recovery even more difficult.


So now it fack to economic and financials 'experts' to be featured day long on the news channels with their 'expert opinions' on the economy !!

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