While watching this video, I realised how “Nul n’est prophète en son pays” is so true.
In a Vanity Fair article (found using Google I swear), Joseph Stiglitz, Nobel Prize winner in 2001, writes: “When the American economy enters a downturn, you often hear the experts debating whether it is likely to be V-shaped (short and sharp) or U-shaped (longer but milder). Today, the American economy may be entering a downturn that is best described as L-shaped. It is in a very low place indeed, and likely to remain there for some time to come.”
Living in a country like Mauritius where the economy is relatively solid is precious.