In 2023, global military expenditure rose for the ninth consecutive year, exceeding $2.4 trillion. This surge, fueled by the ongoing Russia–Ukraine war and escalating geopolitical tensions, marked a 6.8% increase—the largest annual rise since 2009. This pushed world military spending to its highest level recorded by SIPRI (Stockholm International Peace Research Institute). The global military burden, defined as military expenditure as a share of GDP, reached 2.3%, with governments dedicating an average of 6.9% of their budgets to defence or approximately $306 per person.
Tag Archives: Airbus
The War Puzzle Effect: Why Wartime Investments Can Pay Out in the Long Run (+ Our 5 Safe Haven Picks)
Source: Dreamstime | Author: DeltaStock
Reading time: 13 minutes
Just as the world was about to exit a two-year-long pandemic that shook the global economy to its core and forced millions of people to explore remote work options, it was dragged headfirst into a wave of violence and a humanitarian tragedy not witnessed since the Second World War.
Thus, when Russian President Vladimir Putin ordered his troops to invade Ukraine in the early morning of February 24th, 2022, he caught many investors completely off-guard.
General Electric Reported a Weak Quarter Mired in Supply Chain Woes, Forecasts Better Performance in 2022
Source: Dreamstime
Reading time: 2 minutes
Besides delayed deliveries, the Boston-based industrial conglomerate is also wrestling with inflation, which has led to higher transportation costs and prices of key commodities, such as steel.