ECB's Rehn: Increased defence spending likely to support GDP growth

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ECB's Rehn: Increased defence spending likely to support GDP growth

• But it will only show up over the medium-term
• In the near-term, US tariffs and increased uncertainty already having adverse economic effects

Just some token remarks by Rehn. As a side note, he was reappointed as Bank of Finland governor last week and will stay in charge of the central bank for the next seven years with the second term set to begin on 12 July. This of course follows his unsuccessful attempt at a political stint in challenging for the Finnish presidency last year.

                            This article was written by Justin Low at www.forexlive.com.

Source: ECB's Rehn: Increased defence spending likely to support GDP growth

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