プログレッシブ和英中辞典(第4版)の解説
けいせい【形勢】
the situation; the state of affairs
目下の形勢では大きな変化はなさそうだ
Judging by the present situation, there will not be a great change.
形勢は我々に有利［不利］である
The situation is 「in our favor [against us].
しばらく形勢を見てから態度を決めよう
Let's determine our attitude after watching for a while to see how the situation develops.／Let's wait and see (which way the wind blows).
形勢は日増しに悪化していく
Things are going from bad to worse by the day.