It will be a recession but not a financial crisis. There has to be an underlying market risk to the entire system (ex the US housing market.) All expansion and recessions are cyclical. Looks more like 2020 though 
If we see the overall conditions of a country it is going better and better because with the passage of time the purchasing power of the people increased and they are now living comfortable life compare to that of 20 years ago. The world is now going towards digital currency and the globe village will become global market. In my country corrupt politicians creates temporary financial crisis for political scoring.