Rolling coverage of the latest economic and financial news

Task for the week: limit the fallout from biggest oil shock in decades

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Finance ministers, central bankers and economists from around the world are gathering in Washington DC, with the Iran war casting a gloomy shadow over the world economy.

The International Monetary Fund’s (IMF’s) and World Bank’s spring meeting is kicking off – later today, we’ll hear the Fund’s latest economic forecasts; they’re expected to include a cut to the growth outlook due to the Middle East conflict.