August 31, 2018 / 12:11 PM / 3 months ago

Brazil economy barely grows in Q2 as truckers' strike bites

BRASILIA, Aug 31 (Reuters) - The Brazilian economy barely grew in the second quarter, largely in line with expectations, weighed down by a nationwide truckers’ strike that all but paralyzed key business sectors.

Brazil’s gross domestic product (GDP) grew 0.2 percent from the first quarter and 1.0 percent from a year before, government statistics agency IBGE said on Friday. Economists had forecast rates of 0.1 percent and 1.1 percent, respectively.

The reading followed a downwardly revised 0.1 percent expansion in the first quarter from the previous three months, compared to the previously published 0.4 percent. (Reporting by Bruno Federowski Editing by Chizu Nomiyama)

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