War Threat Causes Economic Jitters

By Chris Arnold

Published January 30, 2003 at 12:00 AM EST

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.

Related Content

First look: Photos from Paris Olympics opening ceremony

Alana Wise

Images from the opening ceremony of the 2024 Olympic Games offer a stunning glimpse into the dramatic and heavily Parisian-themed day.
Boar's Head recalls 200,000 pounds of deli meat linked to a Listeria outbreak

Lola Murti

The Food Safety and Inspection Service made the announcement Friday. There are 34 cases of Listeria from deli meat across 13 states, including two people who died of Thursday, according to the CDC.
What's Making Us Happy: A guide to your weekend reading and listening

Linda Holmes

Each week, guests and hosts on NPR's Pop Culture Happy Hour share what's bringing them joy. This week: This Is How You Lose the Time War, GWAR covering “I’m Just Ken,” and the Tested podcast series from NPR's Embedded.
Police departments are offering big raises. Does it work?

Meg Anderson

Police officers in many U.S. cities have recently gotten large pay boosts. Departments are offering these raises to combat understaffing, but some say the money won’t help.
How are new sports chosen for the Olympics?

Andrew Mambo

Breaking is the newest Olympic sport. But how did the competitive dance style make it to the Paris games? NPR's Andrew Mambo speaks to ESPN's Alyssa Roenigk about how the IOC and host countries add new sports.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.