Economy India in the slow lane but these are the countries facing actual recession Updated : November 28, 2019 02:34 PM IST "Growth may have come down, but not a recession yet, and won't be a recession ever," FM Sitharaman said. Economists define recession as a period of negative economic growth over two consecutive quarters. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.