
European defense spending jumps 13.9% - here's how traders can profit
Key Points
- European defense spending is set to surge by 13.9% between 2...
European governments are throwing money at defense contracts like teenagers with their first credit cards, except instead of buying designer shoes, they're purchasing missile systems. Europe's defense spending is set to explode by 13.9% between 2023 and 2024, making the region's military budget growth look more impressive than a tech startup's burn rate.
This spending spree isn't happening because European leaders suddenly discovered a passion for military hardware. Ukraine's ongoing conflict and China's increasingly assertive posture have European nations reaching for their wallets faster th...
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