WASHINGTON — The annualized rate of expansion for real gross domestic product slowed to a 2.4% pace in the second quarter, the smallest gain in three quarters, the Commerce Department reported Friday.

Greater imports and slower inventory growth contributed to the downshift in economic expansion, outweighing gains in real estate and state and local spending. Consumer spending, which accounts for about 70% of real GDP, rose 1.6% in the second quarter from the first three months of the year. Economists polled by Thomson Reuters expected real GDP to gain 2.5%.

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