Global Military Spending Hits High But Growth Slows -- Yahoo News/ReutersSTOCKHOLM (Reuters) – Worldwide military spending edged up in 2010 to a record $1.6 trillion, a leading think-tank said on Monday.
Global spending rose 1.3 percent in real terms, a slowdown from 5.9 percent the year before as the economic downturn caused by the 2008 financial crisis hit military spending, the Stockholm International Peace Research Institute said.
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