War, Oil Worries Snag Economy 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.

War Threat Causes Economic Jitters

War Threat Causes Economic Jitters

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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.