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
