PARIS — World defense spending will rise in 2014 for the first time in five years, a key study found Tuesday, driven by arms races in Asia and the Middle East, as well as a resurgent Russia.
The closely watched IHS Jane's Annual Defence Budgets Review said military budgets this year would inch up by 0.6 percent, after years of falls brought on by lower spending in the West.
"We have seen substantial increases in defense spending from countries like Russia, China, India, Saudi Arabia, and Oman over the past two years," said Paul Burton, Director of IHS Jane's Aerospace, Defence & Security.
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