U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

  • Analysts surveyed by Bloomberg forecast 2.5% expansion
  • Report raises risk to outlook as Fed looks for improvements

U.S. Economy Expands Less Than Forecast

The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.

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