Global arms trade booms, avoiding Covid-19 recession

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Al-Araby

The 100 largest arms companies boasted record sales of $531 billion in 2020, mainly due to “sustained government demand for military goods and services” according to a new report by the Stockholm International Peace Research Institute (SIPRI). The figures represent an increase of 1.3 percent in real terms compared with the previous year, marking the sixth consecutive year of sales growth, despite the economic downturn caused by the Covid-19 pandemic. What is the share of arms sales of the SIPRI Top 100 for 2020 by country? USA🇺🇸 54%China🇨🇳 13%UK🇬🇧 7.1%Russia🇷🇺 5%France🇫🇷 4.7%Trans-European🇪🇺 3…

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