(CNN) -- CNN correspondent Richard Quest is at the World Economic Forum in the Swiss ski resort of Davos asking world leaders, policy-makers, big business names and financial experts what they think. Slowdown or recession?
So far the question has divided interviewees, but the recession camp is narrowly ahead with six votes to five.
It's just a slowdown
"I have enormous confidence in the giant size of the American economy and it's ability to recover."
"The world is connected and separated at the same time. These emerging economies have built their own markets, their financial infrastructures are stronger and I believe they can weather the storm."
"We think the best is for people to expect more volatility. And why is that? Because there are no physical problems: you don't wait to fill up gasoline, anywhere. But there's a lot of speculation going. So it's just the mood of the market. So you could say there's more psychology in the price, than problems with the physical flow."
"We hope that the stimulus that has been given by the cut in interest rates by the Fed will help to ward off worse times."
"We're drafting both scenarios, but I would still put (my money) on a slowdown."
We're heading for recession
"I am sorry to say -- recession!"
"I believe we need to focus on the long-term and the talent agenda and those things we need for a competitive economy going forward."
"I believe that there is still more to come. We're in a market-based economy, where we're looking at fair-value accounting and marking instruments, to the markets. And, that can be brutal."
"The risk factor in the financial services was forgotten, it's back in there and that has caused so much of the problem."
"I have certainly been in the hoping for a slowdown category, but ...I think the psychology has shifted enough that I am in the recession category."
"I think the U.S. is heading for a major slowdown and that that is going to affect growth everywhere!"
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