World Economic Update

World Economic Update

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Venezuela

In addition to a sharp economic downturn, Venezuela faces a humanitarian crisis. The United States can do little to prevent a downward spiral, but it should take measures to mitigate the political, economic, and humanitarian consequences of a potential mass emigration.

North Korea

The U.S. military is prepared for a number of contingencies with regard to North Korea, but the best path forward is diplomacy aimed at denuclearization.

Italy

Italy’s elections will shape the country’s response to economic stagnation, migration woes, and European integration, with repercussions across the continent.