"More than 400 professionals are leaving every day. In the last year 150,000 highly qualified citizens left the country in search of work." – writes The Telegraph, accusing the government of a lack of policies to stop the British from leaving the country. Meanwhile, politicians present the citizens as victims condemned to exile.
“The era of optimism dies in the crisis, but in dying it gives birth to an era of pessimism. This new era is born, not an infant, but a giant”. Both optimism and pessimism underpin the fluctuations of business cycles. This is what Wesley Mitchell, the father of research on business cycle wrote in 1927. Almost a century later, little has changed, which also applies to our country.