NATO Cash Bonanza May Become Europe’s Lost Chance for Growth

Europe’s plans to unleash trillions of euros in new defense spending will be a huge missed opportunity unless the region can work out how to raise productivity in the process.

Any economic benefits beyond bolstering its own military capacity are likely to be lost if countries don’t change the way they invest in their armed forces, and develop and produce weapons. That’s what calculations by Bloomberg Economics suggest, pointing to only a fleeting growth impact that peters out within three years.