As for the EU, and more specific in my country Belgium. Austerity measures are starting to cut down the growth, job creation they promised is being undercut by other cuts and cuts in education are starting to threaten our long-term economic sustainability.
In Germany, even though the economy keeps growing, so does the percentage of people without jobs. Germany's economy will most likely collapse on itself if they do nothing to solve this major problem. The rest of the EU might unfortunately follow Germany's route.
The US, while doing great now, will start to slow down again once oil prices rise, but economically, they seem stable enough at the moment, though a long term collapse of the EU's economy might severely impact the US' economy.
Japan will probably stay flatlined, nothing bad, nothing good.
As for China, that motor will continue to run for a decade or 2 before they start having a smaller, but healthier growth, their story is far from over.
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