A quick, decisive war in Iraq would barely affect the U.S. economy, but a drawn-out conflict with a sustained rise in oil prices could cut growth in 2003 by a percentage point, a Reuters poll of economists found.
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"It's tricky," said Chris Rupkey, senior financial economist at Bank of Tokyo/Mitsubishi. "If the government ramps up military expenditures, it could offset whatever decline we see in business and investment spending.
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A war on Iraq has been variously estimated as potentially costing the United States between $50 billion and $200 billion. White House officials have called estimates premature.

» Little Effect Seen from Short Iraq War