IMF to slash global outlook 'substantially' at next review.

 The International Monetary Fund will be cutting its global economic growth outlook substantially in its next update.

 Its the continuous shocks affecting the world economy . Surging food s and energy prices, slowing capital flows to emeging markets, the pandemic and a slowdown in China makes it much more challenging.

IMF has already decreased the outlook from 4.4 percent to 3.6 percent before the war in Ukraine. This will be downgraded substantially again. Central bankers around the world are finding it tough to give a response to the price increases caused by supply chain issues.

The head of research at the Bank for International Settlements said that the path to a soft landing is narrowing, they think it is a feasible path but not an easy one.

Central banks from Euro zone to Japan were about to reveal if they can resist the global urge for aggressive monetary tightening led by US federal Reserve.