More Money for Defense Leads to Little Economic Growth

NOS

Lean Right

Factuality

Ownership

Research by the CPB shows that the tight labor market in particular is causing low growth in additional defense spending.

upday

Factuality

Ownership

The Netherlands Bureau for Economic Policy Analysis (CPB) has calculated that higher defense spending will likely yield little to no additional growth for the Dutch economy. According to a key government advisor, the effect could even be negative. The tight labor market and the import of large amounts of defense equipment are the main causes. This conclusion comes after the NATO summit in The Hague, where member countries agreed to significantly…

rd.nl

Factuality

Ownership

The Dutch economy will likely benefit little, if at all, from higher defense spending, according to calculations by the Netherlands Bureau for Economic Policy Analysis (CPB). According to a key government advisor, this is mainly due to the tight labor market and the expectation that a large portion of the new defense equipment will be imported.