BREAKING: Global debt rose by ~7 trillion in 2024, to a year-end record of 318 trillion. Emerging markets accounted for ~65% of this growth, driven by China, India, Saudi Arabia, and Turkey. Over the last 2.5 years, global debt has soared by a whopping ~30 trillion. The global Debt-to-GDP ratio also increased by 1.5 percentage points to 328%. This marks the first jump in the ratio since the 2020 pandemic. Deficit spending is becoming a global issue.