Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says
The Iran war risks triggering a rise in global debt levels, forcing governments to choose between cushioning a cost of living shock and maintaining sound public finances, the International Monetary Fund has warned.
Against a volatile backdrop of the Middle East conflict, the Washington-based fund said the war could add to the already strained position of government finances throughout the world.
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This article was originally published by The Guardian and written by Richard Partington in Washington.
Read original article on The Guardian