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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.

(source: http://www.investopedia.com/terms/d/doublediprecession.asp)

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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