Brazil GDP grows stronger-than-expected 0.2 percent in second quarter

(Reuters) – Brazil’s gross domestic product grew a stronger-than-expected 0.2 percent in the second quarter from the prior three months, statistics agency IBGE said on Friday, suggesting a recovery from the nation’s deepest recession on record remains on track.

The Brazilian economy grew 0.3 percent in the three months through June compared to the same period a year before. In the first quarter, the economy had expanded 1.0 percent on a quarterly basis and contracted 0.4 percent from a year earlier.