A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Back on April 14, the International Monetary Fund announced the expected when it noted that the global economy is in a tailspin as entire economies are brought to a standstill …
For These Two Countries, the Strategic Calculus in the Indian Ocean Region Remains Unchanged Read More
Thailand becomes the latest defense spending domino to fall in Asia as governments look to shift funding priorities toward novel coronavirus (COVID-19) economic and civil relief packages. With Thailand’s economy …
Thailand Cuts Defense Budget, Suspends Military Acquisition Projects Read More
The U.S. is calling for an extension of the U.N. arms embargo on Iran, which is due to expire later this year. In a statement on his Twitter page over …
U.S. Calls on Security Council to Extend Iran Arms Embargo Read More
The Norwegian government has released its Long-Term Defense Plan, which proposes to steadily increase defense investment to reach the NATO minimum goal of 2 percent of GDP by 2028. The …
Norway Unveils Latest Long-Term Defense Plan Read More
As South Korea seeks to mitigate economic fallout and social disruption in the wake of the novel coronavirus (COVID-19) pandemic, the government is looking for areas with which to shift …
South Korea Plans Defense Budget Reduction in Wake of COVID-19 Pandemic Read More
The outbreak of the worldwide novel coronavirus (COVID-19) pandemic is placing the global economy in a near-total freeze as governments are forced to undertake shelter-in-place and quarantine orders in order …
How Will Germany’s Defense Spending be Affected by the COVID-19 Pandemic? Read More
The Saudi-led coalition fighting the Ansar Allah insurgent group in Yemen has announced a two-week ceasefire in an effort to help stem the spread of the deadly coronavirus COVID-19 in …
Saudi-Led Coalition Announces Yemen Ceasefire Over Virus Concerns Read More
Emergence of the novel coronavirus COVID-19 has upended the global economic outlook for the upcoming year. Governments around the world have been forced to reassess their budgets and enact new …
Oil Salvoes Put Further Pressure on Saudi Defense Budget Read More
The novel coronavirus (COVID-19) pandemic that has swept the globe has come down particularly hard in Spain. The number of confirmed infections continues to grow day by day, placing the …
Spain’s Defense Market and the COVID-19 Crisis Read More
The German government has extended its arms embargo on Saudi Arabia. German media outlet DW reported on Monday that the German government had approved an extension of the arms embargo …
Germany Extends Arms Embargo on Saudi Arabia Read More