The Global Defence Industry - the market [Kathryn McFarland]

Xerfi Global has recently published a report on the Global Defence Industry, which had a less than rosy 2016. After seeing considerable growth of over 5% per year on average from 2005 to 2011 due to major military operations in Afghanistan and Iraq, global military expenditure has since been contracting, and 2016 was no exception, primarily due to reduced spending by Russia and Saudi Arabia in light of lower oil and commodity revenues. As a result, defence spending from 2011 to 2016 dropped by 1.5%. [...]