Chevron CEO Sees No Immediate Recession Threat

In a recent interview with CNBC, Chevron Corporation's CEO Michael Wirth shared his optimistic outlook on the U.S. economy, stating there are "no signs" of an imminent recession despite the current economic uncertainties.

Long-Term Perspective Over Short-Term Fluctuations

Wirth emphasized the importance of taking a "longer view" towards economic trends, advising against overreacting to short-term market movements. He acknowledged signs of slowing growth but remained confident in the economy's resilience.

IMF Adjusts US Growth Forecasts

The International Monetary Fund (IMF) has revised its 2025 U.S. economic growth projection downward from 2.7% to 1.8%, attributing part of the slowdown to the impact of tariffs. This adjustment highlights the challenges facing the economy but does not signal a recession, according to Wirth.