BoE deputy gov warns UK economy risks once-in-a-century slump
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.
Colourful turn of phrase from Broadbent.
Oh yeah, link the full Telegraph piece, may be gated