Comms
Defense spending across globe hinges on geopolitical situation, study says - News
May 19, 2020AMSTERDAM. The total global defense budget -- estimated at approximately $1.8 trillion in 2020 -- is expected to grow to around $2.3 trillion by 2028, a combined annual growth rate (CAGR) of nearly 2.8%, according to a new study by Market Forecast, "Global Defense Budget Analysis -- Forecast to 2028."