
2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here’s Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday. The military spending increased worldwide with particularly rapid growth in Europe and the Middle East– the epicentre of two major conflicts in Gaza…