Geopolitical Instability and Global Economic Constraints (lemonde.fr)

• IMF indicates 45% of global population affected by active conflict.
• High public debt levels hinder state capacity to respond to crises.
• Systemic risk to global trade and growth due to geopolitical friction.

"The IMF warns that escalating geopolitical conflicts, exacerbated by high levels of public debt, are severely limiting the global fiscal space for intervention. With approximately 45% of the world's population residing in conflict-affected nations, the convergence of war and debt-driven constraints poses a significant threat to long-term economic resilience and global stability."