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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

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.