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Quarterly ForecastsSep 28, 2020 | 11:00 GMT
2020 Fourth-Quarter Forecast
The last quarter of 2020 will be a waiting game -- waiting for the results of the U.S. election in November, waiting on economic numbers, and waiting to see how the COVID-19 crisis plays out.
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AssessmentsSep 22, 2020 | 10:00 GMT
An Indian fighter jet flies over Ladakh, the disputed Himalayan region near the Chinese border, on June 26, 2020.
A Military Drive Spells Out China's Intent Along the Indian Border
China's intensified development of military infrastructure on the Indian border suggests a shift in Beijing's approach to territorial disputes, forcing New Delhi to rethink its national security posture. China is expanding and upgrading a large number of military facilities along its entire border with India as tensions continue to run high in the wake of the bloody clash between Indian and Chinese forces in June, followed by the reported exchange of gunfire in late August. New Delhi has struggled to come to terms with these recent escalations, but the new strategic reality created by Beijing's permanent infrastructure drive will nonetheless force New Delhi to shape its future defense posture around long-term outlooks of China's growing capabilities in its border regions. 
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AssessmentsSep 9, 2020 | 10:00 GMT
A Greek vessel patrols the waters surrounding the tiny island of Kastellorizo, which is situated just two kilometers off the south coast of Turkey, on Aug. 28, 2020.
What's Driving Turkish Aggression in the Mediterranean Sea
Turkey is putting its 50-year view on maritime rights into practice through its Blue Homeland Doctrine, growing its naval and commercial presence in Mediterranean waters that it claims are part of its exclusive economic zones (EEZs). Oil and gas exploration is becoming a crucial tool in implementing this strategy. But Ankara's attempts to claim extensive maritime resource rights risk broadening to a wider conflict with Greece and other NATO allies that would bring foreign energy projects, and potentially the United States, into the fray.
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On GeopoliticsSep 4, 2020 | 10:00 GMT
A satellite image of the Middle East and North Africa. 
A New Brand of Nationalism Takes Root in the Middle East
Once the salve for crushed Middle Eastern empires, Pan-Islamism and its vision of a singular caliphate are now increasingly seen as a threat to stability in the region, with countries such as the United Arab Emirates and Saudi Arabia turning toward nationalism to instead define their policies and behavior. Indeed, even the countries that still claim to embody the movement’s ideals, such as Qatar and Turkey, are only doing so as a means to a nationalist end, exploiting its preachings of Islamic unity to project their government’s strength at home and abroad. This trend has most recently been illuminated by the UAE-Israel normalization pact by dealing yet another blow to the idea that a global Muslim community, despite its many differences, could at the very least agree on issues such as the Palestinian question. 
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On GeopoliticsAug 31, 2020 | 10:00 GMT
A satellite image of the United States at night.
The U.S.'s Eurasia Obsession, Part 1: Setting the Stage
Since its founding, the United States has feared European involvement in North America and the Western Hemisphere. And from this fear arose a continentalist strategic view and an idea of a fortress America secure behind its oceanic moats, loathe to get dragged into internecine European conflicts. Over time, as the United States consolidated its position across North America, a competing concern also arose -- one that began to see Eurasia at the heart of a strategic challenge to U.S. security, and promoted a more internationalist and interventionist policy abroad. These two strands continue to shape U.S. strategic assessments today amid the emerging geography of the 21st century. 
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SnapshotsAug 28, 2020 | 20:37 GMT
In Japan, a Post-Abe Era Emerges Sooner Than Expected
Prime Minister Shinzo Abe's shock resignation risks returning Japan to a cycle of short-lived administrations, which is unlikely to yield major shifts in domestic or foreign policy. On Aug. 28, after weeks of speculation over his health, Abe announced that he will be resigning from his post once the ruling Liberal Democratic Party (LDP) chooses a replacement. In addition to the LDP, Abe himself will also partially determine the succession process, meaning his successor will adhere to the party's long-term policy objectives. But even if secure in their post, Japan's next prime minister will find it difficult to muster the level of power Abe has accrued over his nearly eight years in office and tight control over the Japanese government, which enabled him to go head-to-head with key counterparts abroad. Abe's personal political clout also outmatched that of previous political leaders, which allowed him to bypass internal LDP factions and
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SnapshotsAug 26, 2020 | 20:58 GMT
Despite a Rocky Start, UAE-Israeli Defense Ties Are Poised to Grow
The United Arab Emirates' desire to simultaneously upgrade its defense ties with Israel and the United States will probably create political controversy in both countries, though the benefits of deeper security cooperation with Abu Dhabi is more likely to earn greater support in Israel than Washington. On Aug. 25, Israeli Defense Minister Benny Gantz and his Emirati counterpart, Mohammed al-Bawardi, reportedly discussed possible security cooperation in their two countries' first publicly-known phone call since agreeing to normalize ties. The call came a day after the United Arab Emirates canceled a planned trilateral meeting with the United States and Israel in response to Israeli Prime Minister Benjamin Netanyahu's public objection to the potential sale of the American F-35 stealth fighter jets to Abu Dhabi.
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AssessmentsAug 26, 2020 | 15:13 GMT
A close-up of a five-euro banknote.
The Eurozone's Upcoming Financial Problems
Escalating soverign debt and fiscal deficit levels in eurozone countries due to the COVID-19 crisis will increase the probability of financial and banking crises in the years ahead, as well as surges in social unrest and higher taxes for both large corporations and big earners. Furlough schemes, subsidies and other forms of welfare spending across the eurozone are mitigating the economic fallout from the pandemic by keeping money in people's pockets and helping sustain domestic consumption at a time of deep recessions. But these schemes are financed through sovereign debt, loans from EU institutions and deepening fiscal deficits -- all of which are unsustainable.
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AssessmentsAug 25, 2020 | 10:00 GMT
A vintage map of the Middle East.
What's Driving Muslim Countries to Normalize Their Ties With Israel?
The waning influence of the pan-Islamism and pan-Arabism movements, combined with increasing U.S. pressure, will cause Oman, Bahrain and Morocco to soon join the United Arab Emirates in formalizing ties with Israel, accelerating a longer-term normalization trend that no longer hinges on the formation of a Palestinian state. The allure of Israel's technology and defense capabilities could also compel other Muslim states with covert ties and limited histories of overt conflict with Israel, such as Pakistan, to follow suit. Israel will, in turn, see expanding global economic ties that strengthen its post-pandemic recovery, as well as stronger regional allies that bolster its position against Iran should the upcoming U.S. election yield a less hawkish administration in Washington.
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ReflectionsAug 18, 2020 | 10:00 GMT
A view of NASDAQ in Times Square on May 7, 2020, in New York City.
The Limits to a U.S.-China Financial Divorce
Political and regulatory risks of investing in Chinese companies are increasing as the United States ramps up efforts to "decouple" its financial system from Beijing, including the White House's latest push to delist Chinese firms from U.S. exchanges. But given the sheer size of the U.S.-China financial relationship, which totals as much as $4 trillion (or 11 percent of the two countries' combined GDP), such efforts will see only limited success -- keeping the world's two biggest economies linked for the foreseeable future.
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AssessmentsAug 17, 2020 | 10:00 GMT
Steam and exhaust rise from a chemical company's coking plant in Oberhausen, Germany, on Jan. 6, 2017.
What the EU Green Deal Means For Governments and Companies
The European Union will increase pressure on private and public companies to reduce their carbon emissions in the coming years, and will also make significant funds available to help member states transition to cleaner energy. The actual implementation of the ambitious policies laid out in Brussels' Green Deal, however, will be slow and uneven due to the bloc's current pandemic-induced economic crisis, insufficient funding, internal political divisions, and limited access to the technologies needed to create more eco-friendly European economies. 
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On GeopoliticsAug 14, 2020 | 15:56 GMT
Japanese Self-Defense Forces stand guard at a park in Tokyo on Oct. 22, 2019.
A More Assertive China Drives Japan to Respond in Kind
Japan has long operated beyond the pacifist constraints of its post-war constitution, but a growing and more assertive China is accelerating Tokyo's development of offensive its capabilities. Japan's core strategic imperatives are shaped by economic concerns -- the islands are resource-poor and thus import-dependent. This shaped its post-World War II Yoshida Doctrine, in which Japan largely outsourced its national security to the United States while focusing its energy on economic development at home. With Japan less confident in its dependence on the United States, the same vulnerability is now driving Tokyo to take on a more active role in its neighborhood. Japan's increased economic and security engagement in the Indo-Pacific provides a regional alternative to China for Southeast Asian nations, but may raise tensions with neighboring South Korea.
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SnapshotsJul 27, 2020 | 10:00 GMT
Lockdown Fatigue Leaves Israel With More COVID-19 Cases and Fewer Options
On July 21, Israel reported over 2000 new cases of COVID-19, shattering previous springtime records that peaked around 765 on April 2. The escalating new wave of infections recently prompted the Israeli government to roll back its reopening, as well as impose localized lockdowns and new restrictions on business activity, which will risk further hampering the country's economic recovery. Israel's unity government, however, will not enact another national lockdown for fear of prompting additional protests and deepening public resistance to health measures designed to reduce the spread of the virus. The absence of a large-scale containment strategy means COVID-19 will likely continue to spread in the country, straining Israel's healthcare system and economy. 
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On GeopoliticsJul 24, 2020 | 15:53 GMT
A skyline view of Anchorage, Alaska, and the Chugach Mountains at dusk.
Remapping the American Arctic
Maps play an important role in shaping national policy, and in shaping society’s consciousness and support. But they can also reinforce ideas of relative unimportance by leaving key areas off, or having areas appear as mere incidental inclusions, which can subconsciously constrain developments in foreign policy. Indeed, it’s perhaps no surprise that many Americans still fail to recognize the United States as an Arctic nation when the majority of U.S. maps place Alaska in a small inset box, relegating the state to a secondary geographic status. The United States, however, maintains a strong interest in a secure and stable Arctic, for its Alaska citizens, for economic reasons, and for core national security. So long as the American Arctic is considered something distant and separate from the United States, it risks being sidelined in the national narrative, and thus sidelined in national priorities and attention. The United States is already playing
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AssessmentsJul 24, 2020 | 10:00 GMT
Fighters aligned with Libya's internationally-recognized Government of National Accord (GNA) patrol a village located halfway between Tripoli and Benghazi on July 20, 2020.
Egypt Readies to Intervene in Libya as Hifter Struggles
In response to movements from the Turkish-backed Government of National Accord (GNA), Egypt will likely launch a military intervention in eastern Libya, using tribal ties to gain public support for or the deployment to secure Egypt's western borders. While Egypt will seek to avoid engaging in direct combat with rival Turkish forces in the region, its presence on the ground will raise the risk of a wider confrontation that draws Cairo deeper into Libya's increasingly insoluble civil war. 
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AssessmentsJul 22, 2020 | 21:37 GMT
A group of people stand outside the Chinese consulate in Houston, Texas, after the United States ordered Beijing to immediately close the office on July 22, 2020.
What the Closure of a Consulate Could Mean for U.S.-China Tensions
Washington's closure of the Chinese consulate in Houston introduces a new conflict point in U.S.-China relations, but the impact will depend on the narrative and justification for the U.S. decision and whether Beijing retaliates proportionately or further escalates tensions. If it becomes apparent that the United States closed the consulate in response to an immediate security threat, it would indicate a continuation of the administration's more measured approach to Chinese threats in recent months. However, if the move is not linked to particularly egregious activity at the consulate, it may indicate that the White House is adopting a more aggressive posture against Beijing ahead of the November election. 
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