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Full-Blown Depression Looming?

Friday, 16 Oct 2009 | 4:00 AM ET

This global recession will turn into a "full-blown depression," Nicu Harajchi, CEO of N1 Asset Management, said Friday. Mike Lenhoff from Brewin Dolphin Securities disagreed with Harajchi's forecast, but said the recovery will depend on the improvement in cyclical sectors.