Brazil economy shrinks 0.3 pct in 1st qtr, less than expected

miércoles 1 de junio de 2016 08:14 GYT

BRASILIA, June 1 (Reuters) - Brazil's economy shrank 0.3 percent in the first quarter, government statistics agency IBGE said on Wednesday, less than the 0.8 percent drop expected by economists in a Reuters poll.

Brazil's gross domestic product fell 5.4 percent from a year earlier, according to IBGE. (Reporting by Silvio Cascione)