So are you changing to a US only prediction?
economies are all connected now. 1 domino falls then the rest will follow
To conduct this analysis, I am going to use some commonly agreed upon figures. The budget deficit is $17 trillion dollars, unfunded (partially or otherwise) mandated social programs constitutes another $220 trillion dollars and the credit swap derivatives total between $1 quadrillion dollars to $1.5 quadrillion dollars. In this analysis, I will use the very conservative $1 quadrillion dollar figure. These figures are not in dispute and therefore provide me with the basis to perform an analysis of what our collective economic futures hold.
http://www.thecommonsenseshow.com/2013/10/14/three-statistics-which-spell-doom-for-america/