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Global finances in peril? Debt levels hit insane highs as Japan, US, China, EMU lean on leverage

Global debt is exploding. Major economies are facing a severe debt crisis, with debt-to-GDP ratios at unprecedented levels. Japan leads with a government debt-to-GDP ratio exceeding 230%, the highest worldwide, followed by the US at about 125%, and China at an all-time high near 115%. The European Economic and Monetary Union (EMU) maintains a high ratio near 95%. This leveraging trend is accompanied by a global public debt load nearing $338 trillion, exacerbated by rising interest rates that make servicing debt more expensive and constrained fiscal policy space for growth investments.