What is PALE RECESSION?

The pale recession is a condition in which the recession has not managed to affect all portions of the economy. In such a situation, the effects of recession would not regarded as being very important as compared to a full recession.

More On This Topic



Link to This Definition
Did you find this definition of PALE RECESSION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary