Global military spending rose to $2.72 trillion in 2024 – up 9.4% on 2023, and the steepest year-on-year rise since the end of the Cold War, according to a new report.
Data from a leading conflict think tank, the Stockholm International Peace Research Institute (SIPRI), indicates that expenditure increased most rapidly in the Middle East and Europe – the latter fuelled by the war in Ukraine and doubts over US commitments to the NATO-alliance.
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