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Effects of defence expenditure increase (1% of GDP) on economic output are moderate

Effects of defence expenditure increase (1% of GDP) on economic output are moderate

1 Oct 2025 International economy Monetary Policy and Interim Forecast for the Finnish Economy, September 2025

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Will higher defence spending boost euro area growth?

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Bank of Finland Bulletin’ is the Bank of Finland’s website for publication of topical articles on economic issues in English by Bank of Finland staff. The website is maintained by the Bank of Finland, which also has overall responsibility for the site. The site publishes a set of Bank of Finland Bulletin articles four times a year, and it also releases other types of articles and blogposts by Bank of Finland staff.

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