Global Defense Budget Seen Climbing In 2014; First Total Increase Since 2009 As Russia Surpasses Britain And Saudi …

As the world digs out from the economic downturn of 2009, it seems that annual growth in global defense spending is back. Total global defense spending rose 0.6 percent from $1.538 trillion to $1.547 trillion, according to a forecast released Tuesday in London from IHS Jane’s Aerospace, Defence & Security . If the forecast proves accurate, it will be the first time since 2009 that the world grew …

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