“The . Economy grew at an annualized rate of in the first quarter of 2003, after expanding in the 2002 fourth quarter. First-quarter growth was achieved despite an impending war in Iraq, high oil prices, harsh winter weather in many parts of the country, and heightened security alerts” (Wagle). The possibility of another economic recession has dropped significantly. However, there is concern that the . could possibly fall into a deflationary trap, or declining prices and wages that could result in eroding asset values. “According to the . Department of Labor, the May producer.
