Global military spending surged to $2.718 trillion in 2024, marking a 9.4% increase from the previous year—the largest annual jump since the Cold War. This sharp rise is driven by ongoing conflicts in Ukraine and the Middle East, as well as heightened geopolitical tensions worldwide. Pressure from political leaders, including former U.S. President Trump, has also contributed to increased defense budgets. The trend reflects widespread concerns over security and a global shift toward greater militarization. Experts warn that this escalation could further destabilize international relations.
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