Rich Countries Are Now on Front Lines as World’s Risk Map Shifts

Typically called into action when poor countries get mired in debt, the International Monetary Fund will be confronted this week with mounting signs of trouble in the wealthiest ones. Rich countries are facing increased fiscal pressure due to the COVID-19 pandemic, with some, like the US and UK, running large deficits. The IMF is expected to issue a report on global economic prospects, highlighting the challenges facing advanced economies.