Boca Raton, Fla. (Feb. 21, 2003) -- Chief executives at top U.S. companies expect the economy to grow at a sluggish pace in 2003, hampered by worries about war with Iraq and terrorism, according to a survey by the Washington-based Business Council.
According to media reports on the results of the group’s survey of 180 chief executives, 40 percent said that worries about an Iraqi war or terrorism had caused a delay or change in business plans for 2003. Executives were cautious about capital spending, which is widely seen as vital to getting the U.S. economy on a solid footing.
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