{"id":3091,"date":"2026-07-08T17:12:41","date_gmt":"2026-07-08T17:12:41","guid":{"rendered":"https:\/\/nationwideinterstatemovers.com\/?p=3091"},"modified":"2026-07-08T17:12:41","modified_gmt":"2026-07-08T17:12:41","slug":"trumps-devastating-impact-on-world-economy-revealed","status":"publish","type":"post","link":"https:\/\/nationwideinterstatemovers.com\/?p=3091","title":{"rendered":"Trump\u2019s Devastating Impact on World Economy Revealed"},"content":{"rendered":"<article>\n<p>President Donald Trump suffered a fresh blow Wednesday as the International Monetary Fund cut its 2026 growth forecast and warned of rising inflation.<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=3090\">Trump Begs Judge to Stop $5M E. Jean Carroll Payment<\/a><\/p>\n<p>The IMF said global output is expected to fall to 3 percent in 2026, down from 3.5 percent last year and slightly below its April projection of 3.1 percent. It also raised its 2026 global inflation forecast to 4.7 percent, up from 4.1 percent in 2025, due to higher commodity prices.<\/p>\n<div>\n<p>The report comes as Trump, 80, scrambles to restore confidence in his administration amid voters\u2019 increasingly bleak assessment of the economy ahead of the November midterm elections. The president faces mounting criticism over the economic fallout from the conflict with Iran, which he started in February, and is trying to bring to an end over fears it could cause a global \u201ceconomic catastrophe.\u201d<\/p>\n<\/div>\n<p>The report was finalized before a fuming Trump declared a ceasefire between the U.S. and Iran \u201cover\u201d while speaking at a NATO summit in Ankara, Turkey.<\/p>\n<p>Trump said he didn\u2019t want to negotiate with Iran any longer because they are \u201cscum\u201d after Tehran struck three oil tankers in the Strait of Hormuz, and U.S. military sites in Bahrain and Kuwait.<\/p>\n<p>The IMF warned that while the global economy had performed better than expected so far, the threat of renewed fighting \u201clooms large.\u201d<\/p>\n<p>In its report, the IMF said \u201cthe most imminent risk\u201d to the global economy \u201dstems from developments in the Middle East.\u201d<\/p>\n<p>\u201cRe-escalation of geopolitical tensions would hurt growth and compound inflationary pressures.\u201d<\/p>\n<p>The war has disrupted shipping through the Strait of Hormuz, through which roughly one-fifth of the world\u2019s oil supply normally passes, sending fuel prices soaring. <\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=3089\">Army Scrambles to Remove Trump Insults on Hacked Military Sites<\/a><\/p>\n<p>The fund projected growth would rebound to 3.4 percent in 2027, although that would remain below the 3.5 percent average recorded in 2024 and 2025. It also forecast global trade growth would slow to 3.5 percent in 2026, down from 5 percent in 2025, before rebounding to 4.3 percent in 2027.<\/p>\n<p>The IMF\u2019s projections assumed the Strait of Hormuz would begin reopening in mid-July and return to prewar conditions by March 2027.<\/p>\n<p>Americans have continued to grapple with rising living costs despite Trump\u2019s repeated claims that his economic agenda is working.<\/p>\n<p>Trump previously acknowledged the economic risks posed by the Iran war, telling reporters at the G7 summit in France in June that it \u201ccould have caused an international depression.\u201d<\/p>\n<p>\u201cI didn\u2019t want to see economic catastrophe. If you kept this going, that could have happened,\u201d Trump said. <\/p>\n<p>\u201cThe one president I did not want to be was the late, great Herbert Hoover,\u201d Trump went on, referring to the U.S president widely blamed for the Great Depression following the 1929 stock market crash.<\/p>\n<p>He added that without a deal, the market \u201cwould go down at levels that nobody ever saw before, maybe except for 1929.\u201d<\/p>\n<p>Previously contacted by the Daily Beast for comment on economic concerns, White House spokesman Kush Desai said in a statement: \u201cPresident Trump has always been clear about the fact that oil and gas prices\u2014and thus overall inflation\u2014will rapidly drop as soon as the Iran situation is resolved.&#8221;<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=3088\">Trump, 80, Unravels With String of Mental Slips on World Stage<\/a><\/p>\n<p>The Daily Beast has contacted the White House for additional comment.<\/p>\n<div><\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump suffered a fresh blow Wednesday as the International Monetary Fund cut its 2026 growth forecast and warned of rising inflation. Read more Trump Begs Judge to Stop $5M E. Jean Carroll Payment The IMF said global output is expected to fall to 3 percent in 2026, down from 3.5 percent last year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s Devastating Impact on World Economy Revealed - Nationwide Inter State Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationwideinterstatemovers.com\/?p=3091\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s Devastating Impact on World Economy Revealed - Nationwide Inter State Movers\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump suffered a fresh blow Wednesday as the International Monetary Fund cut its 2026 growth forecast and warned of rising inflation. Read more Trump Begs Judge to Stop $5M E. Jean Carroll Payment The IMF said global output is expected to fall to 3 percent in 2026, down from 3.5 percent last year [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationwideinterstatemovers.com\/?p=3091\" \/>\n<meta property=\"og:site_name\" content=\"Nationwide Inter State Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-08T17:12:41+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/#\\\/schema\\\/person\\\/38cc622be76d7ce8c5366fe18559460a\"},\"headline\":\"Trump\u2019s Devastating Impact on World Economy Revealed\",\"datePublished\":\"2026-07-08T17:12:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091\"},\"wordCount\":559,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg\",\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091\",\"url\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091\",\"name\":\"Trump\u2019s Devastating Impact on World Economy Revealed - Nationwide Inter State Movers\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg\",\"datePublished\":\"2026-07-08T17:12:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/#\\\/schema\\\/person\\\/38cc622be76d7ce8c5366fe18559460a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#primaryimage\",\"url\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg\",\"width\":2560,\"height\":1440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?p=3091#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump\u2019s Devastating Impact on World Economy Revealed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/#website\",\"url\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/\",\"name\":\"Nationwide Inter State Movers\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/#\\\/schema\\\/person\\\/38cc622be76d7ce8c5366fe18559460a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/nationwideinterstatemovers.com\"],\"url\":\"https:\\\/\\\/nationwideinterstatemovers.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump\u2019s Devastating Impact on World Economy Revealed - Nationwide Inter State Movers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationwideinterstatemovers.com\/?p=3091","og_locale":"en_US","og_type":"article","og_title":"Trump\u2019s Devastating Impact on World Economy Revealed - Nationwide Inter State Movers","og_description":"President Donald Trump suffered a fresh blow Wednesday as the International Monetary Fund cut its 2026 growth forecast and warned of rising inflation. Read more Trump Begs Judge to Stop $5M E. Jean Carroll Payment The IMF said global output is expected to fall to 3 percent in 2026, down from 3.5 percent last year [&hellip;]","og_url":"https:\/\/nationwideinterstatemovers.com\/?p=3091","og_site_name":"Nationwide Inter State Movers","article_published_time":"2026-07-08T17:12:41+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#article","isPartOf":{"@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091"},"author":{"name":"admin","@id":"https:\/\/nationwideinterstatemovers.com\/#\/schema\/person\/38cc622be76d7ce8c5366fe18559460a"},"headline":"Trump\u2019s Devastating Impact on World Economy Revealed","datePublished":"2026-07-08T17:12:41+00:00","mainEntityOfPage":{"@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091"},"wordCount":559,"commentCount":0,"image":{"@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#primaryimage"},"thumbnailUrl":"https:\/\/nationwideinterstatemovers.com\/wp-content\/uploads\/2026\/07\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg","articleSection":["Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nationwideinterstatemovers.com\/?p=3091#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091","url":"https:\/\/nationwideinterstatemovers.com\/?p=3091","name":"Trump\u2019s Devastating Impact on World Economy Revealed - Nationwide Inter State Movers","isPartOf":{"@id":"https:\/\/nationwideinterstatemovers.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#primaryimage"},"image":{"@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#primaryimage"},"thumbnailUrl":"https:\/\/nationwideinterstatemovers.com\/wp-content\/uploads\/2026\/07\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg","datePublished":"2026-07-08T17:12:41+00:00","author":{"@id":"https:\/\/nationwideinterstatemovers.com\/#\/schema\/person\/38cc622be76d7ce8c5366fe18559460a"},"breadcrumb":{"@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationwideinterstatemovers.com\/?p=3091"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#primaryimage","url":"https:\/\/nationwideinterstatemovers.com\/wp-content\/uploads\/2026\/07\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg","contentUrl":"https:\/\/nationwideinterstatemovers.com\/wp-content\/uploads\/2026\/07\/252bd2442507b2789e05fba4c2bac36b-scaled.jpg","width":2560,"height":1440},{"@type":"BreadcrumbList","@id":"https:\/\/nationwideinterstatemovers.com\/?p=3091#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationwideinterstatemovers.com\/"},{"@type":"ListItem","position":2,"name":"Trump\u2019s Devastating Impact on World Economy Revealed"}]},{"@type":"WebSite","@id":"https:\/\/nationwideinterstatemovers.com\/#website","url":"https:\/\/nationwideinterstatemovers.com\/","name":"Nationwide Inter State Movers","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationwideinterstatemovers.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nationwideinterstatemovers.com\/#\/schema\/person\/38cc622be76d7ce8c5366fe18559460a","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/nationwideinterstatemovers.com"],"url":"https:\/\/nationwideinterstatemovers.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=\/wp\/v2\/posts\/3091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3091"}],"version-history":[{"count":0,"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=\/wp\/v2\/posts\/3091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=\/wp\/v2\/media\/3045"}],"wp:attachment":[{"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationwideinterstatemovers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}