Global Military Spending Surges to Cold War High, Driven by Conflicts
A new report reveals a significant increase in worldwide military expenditure, marking the largest jump since the Cold War era. Conflicts in Ukraine and the Middle East are major factors, along with increased pressure from the U.S. on allies to boost their defense budgets. The surge highlights rising global tensions and a renewed focus on military preparedness.
Global military spending experienced its most substantial increase since the Cold War in the past year, according to a report by a Swedish think tank. The rise is largely attributed to ongoing conflicts in Ukraine and the Middle East. Additionally, pressure from the United States on its allies to increase their defense budgets has played a significant role. The report indicates a growing global instability and a renewed emphasis on military strength among nations. Experts suggest this trend is likely to continue as geopolitical tensions remain elevated.
Source: Read the original article at CBS