Analysis

As the global Arms Bazaar booms, Travel & Tourism pays the price

  ON APRIL 23, 2024, the Stockholm International Peace Research Institute (SIPRI) published its annual World Military Expenditure report for 2023. It showed that the Arms Bazaar raked in $2,443 billion, the highest level ever. The figure was up 6.8% over 2022, up for the 9th consecutive year and the steepest year-on-year rise since 2009.

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