BoE deputy gov warns UK economy risks once-in-a-century slump

Author: Eamonn Sheridan | Category: Central Banks

Ben Broadbent, deputy governor of the Bank of England says the UK's economy is entering a "menopausal" phase

  • after passing peak productivity
BB is in the UK Tele:
  • Broadbent compared the current slowdown in growth and wages to a lull at the end of the 19th century, when the height of the steam era was over but the age of electricity was yet to begin.
  • Today's economy could be experiencing a similar trough as it passes the boom of the digital era and awaits the next big breakthrough, possibly with artificial intelligence.
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Colourful turn of phrase from Broadbent. 

Oh yeah, link the full Telegraph piece, may be gated