Military spending
NATO countries agree to increase defense spending to 5% of GDP by 2035
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NATO member states have agreed to increase defense spending to 5% of gross domestic product (GDP) per year by 2035.
Unexpected spending on nuclear weapons by superpowers
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The cost of modernizing and expanding the nuclear arsenal of the nine countries will increase by more than 10 billion USD in 2024.
World military spending increases the most since the cold war
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Global military spending hit a record $2.72 trillion in 2024, up 9.4% from 2023.
Mr. Trump wants to meet with Russia-China leaders to discuss reducing military spending
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President Donald Trump has said he would like to meet with future leaders of Russia and China to discuss the possibility of cutting defense spending.
NATO faces pressure to boost military spending
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To sharply increase defense investment beyond GDP by 3%, making the military a top priority area, NATO may have to cut social welfare programs.
Ukraine war pushes global defense spending to record high
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The war in Ukraine has caused global defense spending to skyrocket to $2.46 trillion.
American workers in Germany's economic recession
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Germany, Europe's largest economy, went through a period of economic recession in which the US was seen as a strong factor.
