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The economy grew at a mediocre 1.4 percent annual rate in the final quarter of 2002, and many economists think it won t do muc stanley italia h better - and perhaps worse - in the current quarter as the stagnant job market and war uncertainties make American consumers and businesses more cautious.The government s final estimate of the gross domestic product in the final three m stanley cup onths of last year was unchanged from its previous estimate a month ago, the Commerce Department reported Thursday. That matched analysts expectations.GDP measures the total value of goods and services produced within the United States and is considered the best barometer of the economy s health.Optimistic economists believe the economy in the current January-March quarter grew at a rate of stanley cup around 1.5 percent to just over 2 percent. But pessimists are forecasting growth of under a 1 percent rate. Some economists believe the first quarter experienced negative growth, meaning the economy shrank. In another report, new claims for unemployment benefits last week fell by a seasonally adjusted 25,000 to 402,000, a two-month low, the Labor Department said. However, even with the drop, claims are at a level suggesting the job market remains sluggish. The latest reading on GDP highlighted the economy s struggle to get back on a steady footing after getting knocked down by the 2001 recession.The 1.4 percent growth rate marked a sharp slowdown in the economy from the 4 percent pace registered in the third quarter of 2002. Iixu Severe Storms Rip Across South
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