New Market Study, "Italy Defence & Security Report Q1 2014", Has Been Published
Italian defence expenditure is expected to experience a significant decline over the coming four years. BMI predicts that the value of Italian defence expenditure will fall to US$32.3bn in 2014, from a total of US $35.4bn for 2013. This downward trend is likely to continue until 2017. BMI believes the budget will remain at about US$31.9bn for the years 2015 and 2016, before gaining slightly to US$32.7bn by the end of the forecast period in 2017.
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