U.S. 2nd-Qtr GDP Expands More Than Forecast

July 31 (Bloomberg) -- The economy in the U.S. grew more than projected in the second quarter reflecting an unexpected pickup in inventory building as consumer spending cooled. Growth in the previous three months was revised down. Gross domestic product, the value of all goods and services produced, rose at a 1.7 percent annualized rate, after a 1.1 percent gain the prior quarter, Commerce Department figures showed today in Washington. Alix Steel and Michael McKee report on "In the Loop." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (03/23)
59:47 - Bloomberg Daybreak: Americas hosted by Jonathan Ferro and Alix Steel. Guests include Harvard Kennedy School Professor Nicholas Burns, Torsten Slok, chief international economist at Deutsche Bank, Yianos Kontopoulos, global head of macro strategy at UBS, Amer Bisat, emerging markets portfolio manager at BlackRock Strategic Global Bond Fund, Federico Schiffrin, partner of private equity at Unigestion SA, Keith Parker, U.S. head of asset allocation at Barclays Capital Inc., Jacob Kirkegaard, senior fellow at Peterson Institute for International Economics, and Matthew Shay, chief executive officer at National Retail Federation. (Source: Bloomberg)
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