Military Spending Record High with Europe Leading

The world has never spent so much on military muscle. Figures released show $2.24 trillion was outlaid globally in 2022 with Europe leading the way due to Ukraine’s demands for continued supplies of battlefield hardware. There was a 13 percent rise in Europe, the steepest in at least 30 years. Some of the sharpest increases were seen in Finland (+36 percent), Lithuania (+27 percent), Sweden (+12 percent) and Poland (+11 percent).