Chevron CEO's Positive Outlook on U.S. Economy

In a recent interview with CNBC, Chevron Corporation's CEO Michael Wirth shared his optimistic view on the U.S. economy, stating there are currently "no signs" that the country is nearing a 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 adopting a "longer view" towards economic growth, advising against overreacting to short-term market movements. He acknowledged, however, that there are indications growth might be slowing, a situation for which businesses must always be prepared.

IMF Adjusts U.S. Growth Forecast

Adding to the discourse, the International Monetary Fund (IMF) revised its U.S. economic growth projection for 2025 downward from 2.7% to 1.8%. The adjustment reflects the impact of tariffs, which are estimated to have contributed to a 0.4 percentage point reduction in growth.