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Brazil Second Quarter Economy Climbs 0.4% From Previous Quarter

Brazil’s economy expanded 0.4 percent in the second quarter, the national statistics agency said today in Rio de Janeiro.

Analysts had forecast growth of 0.5 percent from the first quarter, according to the median estimate from 51 economists surveyed by Bloomberg. Gross domestic product expanded 0.5 percent from a year earlier, as compared to the 0.7 increase forecast by 47 economists.