PALE RECESSION
\pˈe͡ɪl ɹɪsˈɛʃən], \pˈeɪl ɹɪsˈɛʃən], \p_ˈeɪ_l ɹ_ɪ_s_ˈɛ_ʃ_ə_n]\
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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.
By Henry Campbell Black
