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Viewing cable 09SAOPAULO68, Media Reaction Sao Paulo February 02 2009

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Reference ID Created Released Classification Origin
09SAOPAULO68 2009-02-02 12:12 2011-07-11 00:00 UNCLASSIFIED Consulate Sao Paulo 
VZCZCXYZ0006
OO RUEHWEB

DE RUEHSO #0068 0331212
ZNR UUUUU ZZH
O 021212Z FEB 09 ZDK
FM AMCONSUL SAO PAULO
TO RUEHC/SECSTATE WASHDC IMMEDIATE 8914
INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE
RUEHBR/AMEMBASSY BRASILIA PRIORITY 0069
RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 9006
 
UNCLAS SAO PAULO 000068 
 
SIPDIS 
 
STATE INR/R/MR; IIP/R/MR; WHA/PD 
 
DEPT PASS USTR 
 
USDOC 4322/MAC/OLAC/JAFEE 
E.O. 12958: N/A 
TAGS: KMDR OPRC OIIP XM XR XF BR
SUBJECT: Media Reaction Sao Paulo February 02 2009 
 
Media Reaction - Global Economy: Financial market crisis; Sao Paulo 
February 2, 2009 
 
Title- Worsening Scenario 
 
Editorial in liberal in Folha de S.Paulo (2-2) says: "The U.S. GDP 
dropped 3.8% in the last quarter of 2008.  Even if the decline was 
lower than expected; it is the largest since 1982 - which confirms 
the worsening of the crisis....The deterioration of the economic 
environment continues to impose new losses on international banks. 
With it, the risk aversion persists, which re-feeds a pernicious 
circle between the financial markets and economic activity.  In 
front of this scenario, the International Monetary Fund correctly 
suggests that an economic rebound will not be possible until 
financial markets have their functions restored and the credit 
market is unobstructed." 
WHITE