Tags: APFN | LT | Brazil | Economy

Brazil Ekes out 0.2 Pct Growth in Q2 Despite Truck Strike

Friday, 31 August 2018 09:39 AM

SAO PAULO (AP) — 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, and the lackluster economy is partially fueling Brazilians' frustration with their leaders, making October presidential elections extremely unpredictable.

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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...
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2018-39-31
Friday, 31 August 2018 09:39 AM
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