Increased fears about global stability and the rise of new military powers is driving a return to steady growth in worldwide defence spending.
A new analysis of arms spending from Jane’s Defence Budgets report found that outlays on weapons, equipment rose 1pc in 2016, to a global total of $1.57 trillion.
The uptick marks a turning point in defence spending, according to Fenella McGerty, principal analyst at Jane’s, after a “lacklustre” period with budgets constrained by the aftermath of the financial crash.
Read the Full Article: Source – The Telegraph
Time For Truth: (The Telegraph) – $1,570,000,000,000: how much the world spent on arms this year