New GDP report shows that the U.S. economy slowed in second quarter – Ken Rogoff weighs in

(CNNMoney) - The United States economy slowed in the second quarter amid weak consumer spending, government cuts and a rise in imports from foreign countries.

Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 1.5% from April to June, the Commerce Department said Friday.

That's down significantly from a 2% rate in the first three months of the year.

Christine Romans breaks down the GDP numbers on Starting Point this morning.

Romans is joined by fmr. chief economist for the IMF Ken Rogoff to discuss the factors influencing the economy.