You are here: Home » PTI Stories » National » News
Business Standard

BoE official apologises for 'menopausal' gaffe

AFP  |  London 

A at the of England today apologised for describing the British economy as "menopausal", after accused him of "sexism" and "misogyny".

Ben Broadbent, at the central bank, told newspaper that the slowing economy is experiencing a productivity slump not seen since Britain's late Victorian age towards the end of the 19th century.

Broadbent said that during the era, there was a "climacteric" effect where "productivity growth suddenly slowed pretty much to a halt".

He noted that the sharp slowdown was similar in its severity to the one witnessed over the last ten years.

Broadbent explained that the term "climacteric", used by economic historians, essentially means "menopausal, but can apply to both genders" and implies "you've passed your productivity peak".

After criticism on social networks, however, he issued a swift apology over the remarks on Wednesday.

"I'm sorry for my poor choice of language in an interview with .. and regret the offence caused," Broadbent said in a statement released by the central

"Economic productivity is something which affects every one of us, of all ages and genders," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 19:40 IST