Why are nations racing to buy weapons?
Global military spending is at an all-time high, increasing in all five geographical regions for the first time since 2009.
Russia’s invasion of Ukraine, escalating geopolitical tensions in the Middle East and China’s military build-up in the South China Sea are increasing instability in the world.
This is leading nations across the globe to boost their defences.
Military spending reached an all-time high of nearly $2.4 trillion last year.
The Stockholm International Peace Research Institute or SIPRI says the increase is in all five geographical regions for the first time in 15 years.
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Published On 24 Apr 2024