From Longman Dictionary of Contemporary Englishdouble-dip recessionˌdouble-dip reˈcession noun [countable] a situation in which an economy goes into recession, begins to get better, then goes back into recession againFrom Longman Business Dictionarydouble-dip recessionˌdouble-dip reˈcessionECONOMICS a recession in which the economy begins to grow after a recession but then falls into a second recession before growing again → recession