Print Edition - 2018-09-02  |  Money Digest

Brazil ekes out 0.2 percent growth in Q2

SAO PAULO

Sep 2, 2018-

Brazil’s economy eked out some growth in the second quarter of the year despite a crippling nationwide truckers’ strike. The government’s IBGE statistics agency said Friday that gross domestic product was up 0.2 percent in the April-June period compared to the previous three-month period. It is the sixth straight quarter in which the economy grew or held steady since a prolonged recession. But growth has been anemic in recent quarters, and the truckers’ strike dealt a blow to the budding recovery. The nine-day stoppage caused fuel and food shortages and slowed exports. Brazil’s real currency has fallen to two-year lows. (AP)

Published: 02-09-2018 09:01

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