Global economic turmoil to dominate Davos discussions

Business leaders and policymakers at the World Economic Forum will focus on Chinese downturn, a commodities rout and stock market turmoil

The fragility of the global economy will take centre-stage this week with the International Monetary Fund poised to warn of growing economic risks as business leaders and policymakers gather for the annual World Economic Forum in Davos.

The IMF will update its forecasts for global growth on Tuesday and is widely expected to paint a bleaker picture for the year ahead amid the deepening Chinese downturn, a commodities rout and turmoil on global stock markets.

Related: Why the falling oil price may not lead to boom

Global markets off $3.83 trillion, including U.S. $1.87 trillion (S&P 500 $1.41T) and non-U.S off $1.95 trillion

18 months ago a barrel of #oil bought you a bottle of Pol Roger 2004 champagne. Today it gets you Tesco Finest. pic.twitter.com/ROxaaTmW3H

We no longer expect #BankofEngland rate hike in May but we believe MPC may well act in Aug. Interest rates likely to end 2016 at just 0.75%