Worldwide military spending edged up in 2010 to a record $1.6 trillion, a leading think-tank said on Monday.
Global spending rose 1.3 percent in real terms, a slowdown from 5.9 percent the year before as the economic downturn caused by the 2008 financial crisis hit military spending, the Stockholm International Peace Research Institute said.
“In many cases, the falls or slower increases represent a delayed reaction to the global financial and economic crisis that broke in 2008,” it said in a statement, adding that there were regional differences.
- Global military spending hits high but growth slows (reuters.com)
- Global Military Spending Hits New High (huffingtonpost.com)
- Military spending slowed in 2010, report says (seattletimes.nwsource.com)
- World Military Spending Hits $16T Record High (newser.com)
- Swedish think-tank: Global arms spending slows (seattletimes.nwsource.com)
- Swedish think-tank: Global arms spending slows (sfgate.com)
- You: Global military spending growth slowest since 2001 (france24.com)
- Global weapon sales cool with U.S. spending less (marketwatch.com)
- Military – Political complex (horsesass.org)
- World military spending tops $1.6-trillion in 2010 (theglobeandmail.com)