Biggest Jump In World Defence Spending In 10 Years: Study
Faizan Hashmi 10 days ago Fri 14th February 2020 | 05:49 PM
Global spending on defence rose by four percent in 2019, the largest growth in 10 years, led by big increases from the US and China, a study said Friday
Munich, Germany, (APP - UrduPoint / Pakistan Point News - 14th Feb, 2020 ) :Global spending on defence rose by four percent in 2019, the largest growth in 10 years, led by big increases from the US and China, a study said Friday.
Beijing's military modernisation programme -- which includes developing new hard-to-detect hypersonic missiles -- is alarming Washington and helping drive US defence spending, the International Institute for Strategic Studies (IISS) said.
But this growth only brought European defence spending back to levels seen in 2008, before the global financial crisis saw budgets slashed.
The mercurial president's anger over spending has fuelled concern about his commitment to the transatlantic alliance, culminating in an explosive 2018 summit where he launched a blistering public attack on Germany in a televised meeting with Chancellor Angela Merkel.