New Delhi, April 8 -- Every month, Mint's Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

Major central banks are expected to remain cautious in the coming weeks as the war in West Asia has clouded the global economic outlook, with supply disruptions and higher oil prices stoking fears of stagflation.

The Federal Reserve, Bank of England, and Bank of Japan are widely expected to keep interest rates unchanged in the near future, amid the war fog, trying a balancin...