Sao Paulo • Brazil has slipped into recession, with government figures released Friday showing gross domestic product contracting for a second consecutive quarter.
The government's IBGE statistics bureau said GDP in the second quarter fell by 0.6 percent from the previous three months. Revised figures for the first quarter showed a drop of 0.2 percent. The government initially had reported first-quarter growth of 0.2 percent.
The bureau said the country's GDP stands at $567 billion.
Brazil last experienced a recession between October 2008 and February 2009, when a world economic crisis slashed demand for steel, minerals, farm goods and other Brazilian exports.