What Is a Double-Dip Recession?

Soros made the above statement during a speech in Budapest, Hungary. He said it is not yet certain whether the next decline in the global economy will occur in 2010 or 2011.

Double bottom recession

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Soros made the above statement during a speech in Budapest, Hungary. He said it is not yet certain whether the next decline in the global economy will occur in 2010 or 2011.

"Double dip recession" (also known as "W-type recession") means that when the global economy has bottomed out and gradually recovered, the economic recovery may lose momentum and will bottom out again in the near future. In the second half of 2009, the global economy started to bottom out from the financial crisis. However, many people in the media and economics circles, including Soros, believe that the global economic recovery may lose momentum and the double-dip recession poses a real threat. ^[1]