usa july december 2002 1 general economic situation of the country gdp 3rd quarter 4 0 4th inflation unemployment 6 trade deficit in november 40 billion us economy slowed dramatically final growing at an annual rate just 7 as consumers turned cautious face war worries a rollercoaster stock market and stagnant job climate meager rise gross domestic product fourth came after grew respectable third commerce department reported january 2003 value weaker than 9 increase analysts were predicting gave distinction being worst for it also marked weakest showing since actually shrank 3 2001 was mired its first recession decade consumer spending smallest 1993 although ended on sour note growth entire year decent 2 while that big improvement