Used the word to describe Britain’s sluggish economy
Bank of England Deputy Governor Ben Broadbent has apologised for describing Britain’s sluggish economy as going through a “menopausal” phrase.
“I’m sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offence caused,” Broadbent said in a statement today.
“I was explaining the meaning of the word “climacteric”, a term used by economic historians to describe a period of low productivity growth during the nineteenth century. Economic productivity is something which affects every one of us, of all ages and genders,” the former Goldman Sachs economist added.