A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The White House has announced that its FY22 budget request will seek $753 billion for national defense, a 1.7 percent increase over the FY21 enacted level. That figure includes the …
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The latest U.K. defense review document – the Defence Command Paper titled “Defense in a Competitive Age” – was released to the public on March 22, to much commentary. Thoughts …
Read More In what may reasonably be described as a surprise, British Prime Minister Boris Johnson has announced a major investment package for the Ministry of Defence – marking the largest such …
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The pandemic has strongly impacted some sectors of the worldwide aerospace/defense industry, but not all sectors have been negatively impacted. What will recovery look like? What is the long-range outlook …
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The South Korean government plans to trim around KRW300 billion ($245 million) from the country’s 2020 defense allocation in order to bolster its economic relief effort in light of the …
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China has announced a defense budget for 2020 that will result in a year-on-year nominal increase of 6.6 percent, the lowest such figure since the first half of the 1990s. …
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 …
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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 …
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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 …
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Saudi Arabia is planning to further shrink its defense budget for the upcoming year. This week, Saudi Arabia unveiled its plan for the budget in 2020. Overall, the government is …
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