Article 45Z20 Things to watch out for in 2019? Doom and plenty of gloom Larry Elliott

Things to watch out for in 2019? Doom and plenty of gloom Larry Elliott

by
Larry Elliott
from on (#45Z20)

Years ending in '9' always seem to bring upheaval " and it looks like we are in for a hot one in 2019

Call it coincidence if you like but years that end in a "9" have a habit of being eventful. More particularly, they tend to be years of upheaval. There's 1789, of course, the year of the French Revolution. The Peterloo massacre, which eventually led to the launch of the Guardian, took place in 1819 and a century later there were fears that Bolshevism would spread from Russia westwards.

The year 1939 requires no further explanation while 1979 encompassed the Iranian Revolution and the arrival of Margaret Thatcher in Downing Street. A decade after that, the tearing down of the Berlin Wall heralded the collapse of communism. In 2009, central banks had to pull out all the stops to prevent the deepest recession since the second world war turning into a second Great Depression. The slump against which all others are measured began with the Wall Street crash of October 1929.

Related: Bread-and-butter local issues threaten to derail the global economy

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