Predictions for the world in 2012

I'm choosing to get my 2012 predictions in early, and hope (possibly in vain) that events in the next week or so don't render them redundant.

Eurozone

Eurozone governments engage in a sequence of progressively more desperate kicking-the-can-down-the-road exercises. A replacement source of funding fails to appear. The tension between the Germans resisting inflation and the rest of the Eurozone demanding economic relief. The ECB is inexorably pushed towards turning on the printing presses. Greece, Ireland and Portugal turn on the screws demanding more help with the threat of default. French and German banks turn out to be shockingly undercapitalised, to the surprise of no-one who was paying any attention.

North Korea

Kim Jong Un has an attack of common sense that may or may not result from being hung from a lamp post by a length of rope. North Korea opens the shambles of its nuclear enrichment program to international inspection in exchange for desperately needed aid. The humanitarian crisis turns out to be even worse than expected, with deaths of tens of thousands from cold and famine before the West and South Korea can organise aid shipments. China is less than helpful.

UK economy

Growth peters out to practically nothing, perhaps dipping in and out of negative territory. Huhne gets squeezed by popular pressure resulting from ever-rising energy bills as the Conservatives keep him in the firing line. More effort is finally made on new gas plants, probably some more test drills for shale gas, and the planning permission and local challenges for nuclear plant additions grind on. Inflation stays above the 2% target as groceries in general and goods from China in particular rise in price.

UK politics

Con-Lib coalition effectively falls apart on several issues (e.g. energy). Labour fails to capitalise on this. Grumbling in the Labour party about Miliband and some early manoeuvering by potential challengers.

Olympics

Substantially poorer showing for the UK than 2008, except in sailing and cycling. Boris makes at least four major gaffes during the Games, making him the only real entertainment. Fewer visitors than expected results in a significant financial loss for the UK.

USA

SOPA passes albeit in a modified and mostly annoying rather than harmful form. Congress and the Senate continue to be bought and sold. Obama starts feeling the pressure from within the Democratic party but just edges the election against a Romney/Bachmann ticket.

China

A slow-motion implosion, rising popular anger at financial losses mostly held in check by increasingly brutal actions from the PLA. China makes an increasing effort to diversify out of US Treasury holdings but is stymied by lack of a reasonable alternative given events in Europe.

Middle East

Iran continues to posture, Iraq's new government breaks apart and reforms a couple of times. Afghanistan is still a mess, Pakistan becomes an even more dangerous snake pit.

Climate

2012 weather proves to be a combination of too hot, too cold, too windy, too wet and too dry. Much like 2011.

Random

Britney's engagement doesn't last 2012. It may barely survive 2011.