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Euronews
Euronews
Estelle Nilsson-Julien

Global military expenditure sees steepest year-on-year rise since end of Cold War

Global military spending reached its highest year-on-year rise since the end of the Cold War in 2024, a new study has revealed.

According to data compiled by the Stockholm International Peace Research Institute (SIPRI), the world's 15 largest spenders all increased their military expenditure in 2024 compared with 2023, with growth especially rapid in Europe and the Middle East.

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