From here, it can either get much better or much worse.

Way I see it, it's bad but not hopelessly bad.

Russia is extremely aggressive and threatening, but at the same time - it's also extremely unstable and may collapse any day now. Kremlin's troll farms can't run forever after the economical collapse, so the global stability may improve in coming years when Russia collapses. But it has to collapse but it's been relentlessly kept alive like a cockroach.

Trump's health is quickly deteriorating and there's a decent chance the old fuck won't live to see the next rally. There's quite few people supporting GOP aside from MAGA freaks, and these guys are masturbating to the image of Trump and Trump alone. The Republicans are running out the clock and the deadline is midterms.

I don't know much about China, but it seems to me that they are doing little to destabilise the world.