At the end of the 2000s, the banking and financial crisis linked to the
“subprime” crisis had resulted in a drastic reduction in military budgets in most Western countries. So it will not have been the same as that caused by the pandemic.
Thus, according to figures put forward by the Stockholm International Peace Research Institute [SIPRI], total defense spending worldwide amounted to $ 1.981 billion in 2020. This value increases in real terms of 2.6% per year compared to the previous year when they had already reached their highest level since the end of the Cold War. And this, in an economic context marked by a drop of 4.4% of world GDP, according to projections made last October by the International Monetary Fund [IMF].