To President Donald Trump, the US economy appeared to be moving in his direction at the turn of the year. ADVERTISEMENTBut that was before Trump started the war in Iran in a move that has unnerved consumers and businesses around the world. Gas prices have also undercut Trump’s lofty projections of growth this year, which he and aides previously pegged at 4% or more. Not everything was as rosy as the White House had claimed before the war in Iran began. But those weaknesses have hardly abated as Trump forges ahead with what he frequently describes as a “short-term excursion” in Iran.

Source: The Telegraph March 15, 2026 08:29 UTC