War clouds cast pall on US economy


  • Business Premium
  • Tuesday, 21 Jan 2003

WASHINGTON: A cloud of uncertainty from the prospect of a US war with Iraq is casting a dark shadow on the world’s richest economy, which entered the new year with a worrying lack of momentum.  

Economists say relentlessly weak data released in the past few weeks are making what the Federal Reserve last year dubbed a “soft patch” look potentially more ominous and lasting. 

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