Trump's Iran War Could Torch the Global Economy
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The economy’s warning lights might not yet be flashing red, but they are certainly flashing yellow. The worst job numbers since the Great Recession, the slowest economic growth since COVID, and the worst inflation in nearly two years—these are not the signs of a healthy economy.
The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.
The economy has long been one of Trump’s strongest political issues, making his latest poor polling especially notable.
The U.S. economy has shown resilience in the face of President Donald Trump’s policies, but the war with Iran has driven up oil and gas prices and clouded the economic outlook.
The U.S. economy was in worse shape in the weeks before the U.S. and Israel launched strikes against Iran than earlier government estimates had suggested.
The index, which tracks companies doing business on oceans and waterways and with an environmental focus, rose 8.66% in February, outperforming broader benchmark indices.