Biggest jump in world defence spending in 10 years: study

Global spending on defence rose by four percent in 2019, the largest growth in 10 years, led by big increases from the US and China, a study said Friday.

Beijing”s military modernisation programme — which includes developing new hard-to-detect hypersonic missiles — is alarming Washington and helping drive US defence spending, the International Institute for Strategic Studies (IISS) said.

The IISS”s annual “Military Balance” report said the increase alone in US spending from 2018 to 2019 — USD 53.4 billion — was almost as big as Britain”s entire defence budget.

Both China and the US increased spending by 6.6 per cent, the report said, while Europe — driven by ongoing concerns about Russia — stepped up by 4.2 per cent. But this growth only brought European defence spending back to levels seen in 2008, before the global financial crisis saw budgets slashed.

European NATO members have been seeking to increase spending to placate President Donald Trump, who has repeatedly accused them of freeloading on the US.

Trump has railed at European allies, particularly Germany, for not living up to a 2014 NATO pledge to spend two percent of GDP on defence.

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