IMF expected to cut growth forecasts in latest outlook

Update likely to reprise warnings about emerging markets slowdown, China's downturn and lower commodity prices

The International Monetary Fund will sound fresh alarm over the state of the global economy this week when it reveals its latest forecasts for growth against a backdrop of slower world trade and jittery financial markets.

The expected warning over risks to financial stability and economic growth will underscore fears in the UK that its own economy has slowed in recent months, unable to shake off global pressures. A report from the British Chambers of Commerce on Monday points to low business confidence and a weaker sales performance across UK manufacturing and services companies.

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