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Old 09-26-2008, 12:12 PM  
xmas13
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:2cents Brazil official: Crisis could be worse than 1930s - Associated Press

http://www.iht.com/articles/ap/2008/...l-Meltdown.php

The top executive of Brazil's state-owned development bank on Friday said the current world financial crisis could prove more severe than the Great Depression of the 1930s, Brazilian media reported.

JP Morgan Chase & Co. reduced its 2009 forecast for Brazilian gross domestic product to 3.2 percent, from 3.8 percent, analysts said in research note Friday.
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