Increases in military spending slowed down considerably last year under pressure from the global recession, while European countries slashed military spending in 2009, a leading think-tank said Monday.
Global military expenditure rose in 2010 by 1.3 percent in real terms, to reach a record $1.6 trillion (1.1 trillion euros), according to the Stockholm International Peace Research Institute (SIPRI), but the figure represented the lowest growth rate since 2001 - and a marked slowdown from the 5.9 percent global spending increase in 2009.
European militaries meanwhile spent $382 billion for the year - 2.8 percent less than in 2009 - as governments attempted to rein in their budget deficits.
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