1 Min Read
SAO PAULO, June 1 (Reuters) - Brazil's economy grew Just 0.2 percent in the first quarter from the last quarter of 2011, the government statistics agency IBGE said on Friday.
Gross domestic product had been expected to expand 0.5 percent on a quarter-on-quarter basis, according to the median forecast of 29 analysts polled by Reuters.
Latin America's largest economy grew 0.8 percent in the first quarter when compared to the year-earlier period, IBGE said. That was below expectations of growth of 1.3 percent, according to the median forecast of 25 analysts in the poll.