World military spending grows despite pandemic

STOCKHOLM: Military expenditure worldwide rose to nearly $2 trillion in 2020, defying the economic impact of the Covid-19 pandemic, researchers said Monday.

Global military spending increased by 2.6 percent to $1,981 billion (about 1,650 billion euros) in 2020, when global GDP shrank 4.4 percent, according to a report from the Stockholm International Peace Research Institute (SIPRI).

Diego Lopes da Silva, one of report's authors, told AFP the development was unexpected.

"Because of the pandemic, one would think military spending would decrease," he said.