Double dip

1. Economics.

A double dip recession is a period of declining gross domestic product, followed by a brief recovery and then a further period of decline.

2. Tax.

Double dip referred to historical aggressive tax planning structures under which two tax deductions were claimed for essentially the same expenditure. For example in relation to certain cross border leasing arrangements.

See also

• Depression
• Gross domestic product
• L-shaped recovery
• Recession
• U-shaped recovery
• V-shaped recovery
• W-shaped recovery