The cold fact behind the 5% military expenditure target: Europe struggles with the "wave of defense spending" as an economic growth engine.

Finance app Zhitong learned that European leaders who promise to significantly increase military spending are not usually motivated by economic growth. Historical data shows that defense and military expenditures are often not directly linked to economic growth. However, the entire Europe is expected to have historical-level defense and military spending at the level of 100 billion annually starting from 2025, which is hoped to support the European economy and prevent the continent from falling into a deep economic recession that could lead to long-term economic weakness.