Showing posts with label Arthur Laffer. Show all posts
Showing posts with label Arthur Laffer. Show all posts

Saturday, October 23, 2010

DOUBLE-DIP RECESSION

What’s a double-dip recession? 
A double-dip recession refers to a shortlived recovery of an economy from a recession, before it slips back into a recession. In economic terms, when the GDP of an economy goes into the negative, after a brief period of showing positive growth, the economy is said to be faced with a double-dip recession.