The X-Y axis is pretty straightforward: we're vulnerable or not, and the event is big or broken up. The onset scenarios are listed in the corners, using weather as an analogy: discrete events but lotsa damage = hurricanes; discrete events and we're resilient = tornados (pockets of damage); big event and we're shut down = ice storm; and big event but only the vulnerable, low-lying areas are swamped = flood. The named outcome scenarios are fairly obvious.
We clearly landed on the upper half, arguably more on the left.