The US’s large military presence on Guam makes the territory a target for attacks by nations looking to lower US power in Asia Pacific. Guam is highly reliant on US federal funding, exposing the territory to changes in US military spending. Tourism is likely to support economic development in the medium term in the post-pandemic era. The population is ageing, whilst consumer market potential is limited. Internet and mobile use are on the rise, whilst 5G has been launched in the territory.
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