Bloomberg News

Brazil’s First Quarter Economy Climbs 0.2% From Previous Quarter

June 01, 2012

Brazil’s economy expanded 0.2 percent in the first quarter from the previous quarter, the national statistics agency said today in Rio de Janeiro.

Gross domestic product grew 0.8 percent from a year earlier.

Analysts had forecast year-on-year expansion of 1.3 percent and growth of 0.5 percent compared with the fourth quarter, according to the median estimates from economists surveyed by Bloomberg.

To contact the reporter on this story: Joshua Goodman in Rio de Janeiro at jgoodman19@bloomberg.net

To contact the editor responsible for this story: Harry Maurer at hmaurer@bloomberg.net


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