In a surprising turn of events, Asia’s defense spending reached an unprecedented $510 billion in 2023, raising concerns about the sustainability of such ambitious budgets amidst a potential economic slowdown.
- Politics Today
The region experienced a nominal 2.8% increase in defense expenditure from the previous year, with a real increase of 4.6%.
This surge is primarily attributed to China’s continuous military modernization and North Korea’s escalating belligerence, heightening tensions across the…