What is a Pale Recession?

A pale recession is a term describing a recession that does not have much impact on an economy.

How Does a Pale Recession Work?

Former Federal Reserve Chairman Alan Greenspan coined this term in a 2008 television interview. At the time, unemployment had not declined as much as expected during the recession, prompting him to comment on the fortitude of the imposition on the economy.

Why Does a Pale Recession Matter?

A pale recession is generally better than a strong recession, though some analysts might argue that when a recession seems pale, it's just not hit its full stride yet. In other words, a pale recession may be a sign that a recession is only just getting started.

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.

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