4min chapter

Macro Musings with David Beckworth cover image

Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future

Macro Musings with David Beckworth

CHAPTER

War and its Impact on the Defense Industrial Base

This chapter explores the theme of war and its consequences on the defense industrial base, discussing ongoing wars and border clashes around the world. It also examines the budgetary trade-offs for the US as interest rates rise and the implications for defense spending and its share of GDP.

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