Deloitte published its “Global Defense Outlook”
this week, which outlines the future trends in global defence spending.
The next years will see a decline in military spending and new
investment priorities.
The
United States and European states, which account for most of world’s
military expenditures, will continue to cut their budgets. Reductions
will mostly focus on conventional forces, such as tanks, ships and
planes and nuclear capabilities. Rather than acquiring new weapons
systems, existing capabilities will be updated. According to the report,
investment will centre on cyber-security and special forces as
non-conventional threats, such as terrorism and cyber-attacks. Countries
will also spend money to counter specific regional threats. Japan for
example is to spend more on missile defence systems - due to tensions
with North Korea and China.
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