Chevron CEO's Economic Outlook

In a recent interview with CNBC, Chevron Corporation's CEO Michael Wirth expressed confidence in the resilience of the United States economy, stating that there are currently "no signs" indicating an imminent recession. This perspective comes amidst the economic uncertainties fueled by President Donald Trump's tariff policies.

Long-Term Perspective Over Short-Term Fluctuations

Wirth emphasized the importance of maintaining a "longer view" towards economic trends, advising against overreacting to short-term market movements. He acknowledged potential signs of slowing growth but reassured that the situation does not point towards a recession at this time.

IMF Revises US Growth Projections

Adding to the economic discourse, the International Monetary Fund (IMF) adjusted its forecast for the US economy's growth in 2025, lowering expectations from 2.7% to 1.8%. The revision attributes 0.4 percentage points of this decrease to the impact of tariffs, highlighting the complex interplay between policy decisions and economic performance.