The Economic Times

Rich countries on the debt frontline: How the Iran war is shifting world's risk map by squeezing America, Europe and Japan

The International Monetary Fund confronts increased borrowing costs and record debt levels among developed countries. As inflation rises, governments find it harder to manage their financial obligations. The potential for civil unrest emerges alongside economic pressures observed in these nations. Emerging markets have improved their resilience since previous crises, allowing them to face challenges more effectively.