A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Global defense spending surged by 8.1% in 2024, reaching an unprecedented $2.3 trillion as governments worldwide respond to a rapidly evolving security landscape. From Eastern Europe to the Indo-Pacific, nations …
A New Era of Global Defense Spending: Key Trends and What’s Ahead Read More
Canada plans to meet NATO’s goal of spending two percent of GDP on defense this year, seven years earlier than planned, Prime Minister Mark Carney said in a speech Monday. …
Canada Plans to Hit NATO Defense Spending Target Early, Shift Focus from U.S. Read More
On Monday, June 2, the British government released a new Strategic Defence Review (SDR), the first such review implemented by a Labor government since 1998. It arrives at a time …
Transformative or Mirage? Examining the U.K. Strategic Defense Review Read More
Earlier this month, news broke that a trio of South Korean companies had teamed to make an ambitious offer to the Canadian armed forces. The deal: CAN20 to 24 billion …
South Korea Pitches $18 Billion Submarine & Arms Deal to Canada Amid US Tensions Read More
Canada’s federal election delivered a win for Prime Minister Mark Carney and the Liberal Party, which secured 169 seats, just shy of the 172 needed to form a majority government. …
Carney Wins as U.S. Trade War Reshapes Canadian Politics Read More Europe has been dealing with a case of whiplash since the start of the second Trump administration, as President Donald Trump aims to rewrite the nature of U.S.-Europe relations. Since …
Tariff Tussle Adds Headache to European Defense Spending Plans Read More
President Donald Trump imposed retaliatory tariffs on imports from U.S. trading partners, arguing that existing foreign tariffs negatively impact U.S. manufacturers and employment. The intricate nature of global trade, characterized …
Trump, Tariffs and Defense Read More
The global defense landscape is evolving, and NATO is at a pivotal moment. With discussions intensifying around raising the defense spending benchmark from 2% to 5% of GDP, this potential …
Beyond 2%: NATO’s Defense Budget Shift – Webcast Read More
As European capitals grapple with Washington’s changing foreign policy priorities under the Trump administration, the continent is increasingly coming to terms with the state of its military readiness, especially in …
ReArm Europe: A Look at the European Commission White Paper Read More
“Now is the time to speak honestly so that every European understands what is at stake. A new international order will be formed in the second half of this decade …
Beyond Headlines: Europe’s Defense Dream vs. Reality Read More