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Recapping Global Defense Spending for 2018, Eyeing Future Growth

The annual Global Defense Spending Snapshot by Forecast International's International Military Markets (IMM) group indicates that with the international security environment remaining complex, multipronged and uncertain, the worldwide defense spending trajectory will continue to rise. However, military spending growth remains — with only a few exceptions — pegged to economic growth, and therefore commodity price downturns and recessionary waves will serve as checks on future military expansionism and investment.

Turning the page toward 2019 and beyond, Forecast International expects the current defense spending growth trends to continue over the next five years, with a compound annual growth average of 3.4 percent projected through 2023. For full details, please download the FREE Global Defense Spending Snapshot white paper.
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