A global GDP decrease is about to occur

News of the day, Thursday, May 19

S&P has lowered the 2022 GDP growth prognosis for some countries. USA economic growth is expected to decrease to 2.4% from 3.2%, and the EU GDP outlook may decrease to 2.7% from 3.3%.

Strategists assume a 0.5% interest rate hike in India at June's next Central Bank meeting.

Dow Jones index slumped heavily by 3.6%, undergoing the biggest one-day loss since 2020. This might be an outcome of Tuesday’s statement of Jerome Powell about the Fed’s willingness to keep pushing interest rates higher.

Tesla is out of S&P 500 ESG index after autopilot vehicles' deadly crashes. Elon Musk, Tesla’s CEO, tweeted: “ESG is a scam”.

The price of Brent crude is $108.80, WTI — $106.40, GBP/USD — 1.2394, EUR/USD — 1.0497, and gold costs $1814.10 per ounce.