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International Business Times
International Business Times
Business

DARK SECRETS: Conflicts spur unprecedented rise in military spending | Vintage Vibes

SIPRI Cold War NATO Cold War
Military spending rose worldwide with particularly large increases in Europe (Credit: AFP)

Worldwide military expenditure saw its steepest rise in 2024 since the end of the Cold War, reaching $2.7 trillion as wars and rising tensions drove up spending, researchers said Monday.

Military spending rose worldwide with particularly large increases in Europe and the Middle East, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

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