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Toogood: 'A slowdown is a slowdown'

Tuesday, 8 Apr 2008 | 2:00 AM ET

"You've got to decide now whether you think it's an outright, full-blown recession or a mid-cycle yet again," Peter Toogood, CIO of Forsyth Partners, told CNBC. "I do not accept the principle that we're in an outright recession."