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AssessmentsJul 9, 2020 | 11:00 GMT
A crane moves Nord Stream 2 pipes at a port near Sassnitz, Germany, on June 5, 2019.
Nord Stream 2 Overcomes One Hurdle Only to Be Met With Another
Denmark’s decision to drop certain technical requirements for operating in its waters will allow Russia to use both of its available pipe-laying vessels to finish constructing the Nord Stream 2 pipeline. Another Russian vessel, the MV Fortuna, will now also be allowed to operate on the natural gas pipeline between Germany and Russia in Danish waters beginning Aug. 3. The United States, however, is now seeking to expand its sanctions to target all services related to constructing Nord Stream 2, including supply vessels and backfilling vessels. But even if construction is completed before additional sanctions disrupt progress, Washington could still take action to prevent Russia and Germany from putting their pipeline into operation.
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AssessmentsJul 9, 2020 | 10:00 GMT
A photo shows the site of a recent gas explosion at the Sina Medical Center in Tehran, Iran, on July 1, 2020. 19 people were killed in the blast.
Explosions in Iran Point to a Possible Israeli Sabotage Campaign
Israel was likely behind a July 2 explosion and fire at Iran's Natanz nuclear facility, and potentially some of the other similar incidents that have occurred near Tehran over the past two weeks, including a June 26 explosion at the Khojir missile complex. Although Tel Aviv doesn't typically claim its covert actions against Iran, motive and past history make Israel the most likely actor to conduct such sabotage operations against Iranian infrastructure and assets.  Israel is frustrated by the failure of Western and regional countries to fully rein in Iran's military and nuclear capabilities, which it views as direct threats to its domestic and regional security. With the potential for a less friendly U.S. administration to take office in January, Israel may also be calculating that it has an optimal but limited window to act more aggressively against Iran's nuclear program.
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AssessmentsJul 2, 2020 | 10:00 GMT
People stand in line to receive grant payments from the South African Social Security Agency (SASSA) in Khayelitsha, a township located near Cape Town, on May 4, 2020. 
South Africa's Budget Outlook Paints a Picture of a Lost Decade
South Africa will likely miss its recently adjusted budget targets as the country’s escalating COVID-19 outbreak delays much-needed austerity measures, leaving the South African economy in shambles for at least another five years. President Cyril Ramaphosa and his pro-business allies in the ruling African National Congress (ANC) party had planned to rein in government spending and the country's sky-high debt levels over the next three years. But South Africa's likely extended health and economic crisis could make that goal politically untenable, given that any budget cuts and potential layoffs would most acutely affect the ANC's support base of labor unions and their poorer Black constituents. 
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Quarterly ForecastsJun 29, 2020 | 00:02 GMT
2020 Third-Quarter Forecast
While many of the trends identified in our annual forecast remain slowed down by COVID-19, their pace is picking up as countries carefully emerge from lockdown.
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AssessmentsJun 23, 2020 | 18:03 GMT
A worker goes down a construction ladder at the Grand Ethiopian Renaissance Dam on the Blue Nile in Ethiopia on Dec. 26, 2019.
Egypt's Losing Battle on the Grand Ethiopian Renaissance Dam
The failure of last week's negotiations over the Grand Ethiopian Renaissance Dam means that the initial filling of the $4 billion hydroelectric dam on the Blue Nile will likely occur without an agreement between Sudan, Egypt and Ethiopia. Egypt will attempt, and likely fail, to bring international pressure to bear on Ethiopia in order to ensure the giant new dam doesn't affect the flow of the Nile Basin river system, which is Cairo's main source of water. But while Egypt's technical coordination on the project is unavoidable, Cairo's waning influence over North Africa's water distribution will make its overall position on the Nile less secure over time.
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SnapshotsJun 12, 2020 | 10:00 GMT
Postelection Turmoil Could Jeopardize Guyana's Oil Windfall
Guyana's postelection political battle could delay approvals for the government's pending oil and gas projects, should it morph into a prolonged crisis and deepen rifts between the country's two ethnic groups. Guyana is no stranger to elections marred by fraud allegations. But with the small South American country set to become the world's largest per capita oil producer in the coming years, the outcome of its latest contested ballot will decide which party will benefit from the initial windfall of new income -- and with it, the opportunity to cement a long-term electoral advantage.
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AssessmentsJun 9, 2020 | 19:38 GMT
Pro-democracy protesters shine the flashlights on their cellphones as they take part in a rally in Hong Kong on June 9, 2020.
Hong Kong’s Election Lights the Fuse for Another Wave of Unrest
A year after the city's extradition bill prompted more than a million people to take to the streets in June 2019, marking a watershed moment in last year's protests, Hong Kong's political crisis is heating up once again. The next three months in Hong Kong will see protests kick back into high gear as pro-Beijing and pro-democracy camps focus on winning Legislative Council elections planned for September. The central government in mainland China will fast-track its controversial national security laws ahead of the polls to increase control over protestors and politicians, while the regional Hong Kong government will work to fulfill its side of the legislation. The White House, meanwhile, will pressure China to ease back on its encroachment in Hong Kong by possibly stripping away the city's special tariff treatment, but will weigh carefully whether to escalate further to financial measures that would cripple Hong Kong's status as a business hub
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AssessmentsJun 9, 2020 | 10:00 GMT
Warsaw Mayor Rafal Trzaskowski, one of the main opposition candidates running in Poland's 2020 presidential election, greets locals and supporters in Wieliczka, Poland, during a campaign event on June 5, 2020. 
Poland After the Presidential Election
Poland’s upcoming presidential election could increase political instability at a time of already mounting economic uncertainty, should a less Euroskeptic opposition candidate defeat President Andrzej Duda and secure the power to veto legislation. Regardless of who wins, in the months ahead the Polish government will need to defend both its economy from further harm due to the COVID-19 pandemic, as well as its access to EU farming subsidies and cohesion funds in the bloc’s 2021-2027 budget. Over time, growing debt levels and a worsening deficit could damage the government’s popularity and open the door to political change by impeding Warsaw’s ability to expand social welfare benefits.  
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