Englund Cites Lower Consumption Figures in U.S. GDP Data

July 29 (Bloomberg) — Michael Englund, chief economist at Action Economics LLC, talks about U.S. economic growth. Gross domestic product rose at a 1.3 percent annual rate following a 0.4 percent gain in the prior quarter that was less than previously estimated, Commerce Department figures showed today in Washington. Englund speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)