World arms sales hit by recession | world | Hindustan Times
Today in New Delhi, India
Jan 16, 2017-Monday
New Delhi
  • Humidity
  • Wind

World arms sales hit by recession

world Updated: Sep 15, 2010 00:43 IST
Highlight Story

The global economic recession significantly pushed down purchases of weapons last year to the lowest level since 2005, a new government study has found. The report to Congress concluded that the value of worldwide arms deals in 2009 was $57.5 billion, a drop of 8.5 per cent from 2008. The US maintained its role as the world’s leading supplier of weapons with arms deals worth $22.6 billion in 2009. NYT