World recession 2019?
The First World War is often said to have begun because of a chain of events which started with the assassination of the Austrian Archduke Franz Ferdinand on the streets of Sarajevo in June 2014. This is the classic example of how one event can have massive global consequences. Catastrophe occurred because there were weaknesses in the global political system and mechanisms which allowed a crisis to spread. There are parallels to the state of the world economy in late 2018 given underlying weaknesses such as levels of debt and mechanisms which would facilitate spread effects.