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War Threat Causes Economic Jitters

Economic growth comes to a near standstill in the fourth quarter of 2002, as the gross domestic product rose by an annual rate of just 0.7 percent. Concerns over a possible war in Iraq and rising oil prices prompt many businesses to hold off on new spending. NPR's Chris Arnold reports.

Copyright 2003 NPR

Chris Arnold is a correspondent with NPR's investigations team. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition.