Chevron CEO's Positive Outlook on US Economy

In a recent interview with CNBC, Michael Wirth, CEO of Chevron Corporation, expressed a cautiously optimistic view of the United States economy. Despite the challenges posed by President Donald Trump's tariffs, Wirth stated, "There are no signs that we see at this point that we are in or close to a recession."

Long-Term Perspective Over Short-Term Fluctuations

Wirth emphasized the importance of taking a "longer view" on economic trends, advising against overreacting to short-term market movements. He acknowledged potential signs of slowing growth but reassured that preparedness is key to navigating such uncertainties.

IMF Adjusts US Growth Forecast

Adding to the discussion, the International Monetary Fund (IMF) revised its projection for the US economy's growth in 2025 from 2.7% to 1.8%. This adjustment, as reported by TeleTrader, attributes a 0.4 percentage point reduction to the impact of tariffs.