No Immediate Recession Signs, Says Chevron CEO

In a recent interview with CNBC, Chevron Corporation's CEO Michael Wirth shared his insights on the current state of the US economy. Despite the uncertainties introduced by President Donald Trump's tariffs, Wirth emphasized that there are "no signs" indicating the United States is nearing a recession.

Long-term Perspective Over Short-term Fluctuations

Wirth advised adopting a "longer view" towards economic growth, cautioning against overreacting to short-term market movements. He acknowledged that while growth may be slowing, the fundamentals remain strong.

IMF Revises US Growth Projections Downward

The International Monetary Fund (IMF) has adjusted its forecast for the US economy, reducing the expected growth rate from 2.7% to 1.8% for 2025. The revision attributes 0.4 percentage points of the decrease to the impact of tariffs.