OECD admits its dire Brexit warnings were wrong, predicts more growth, as UK government watchdog says economy strong


From The Telegraph:

Britain’s economy will hold up strongly for the rest of this year, defying warnings of an immediate Brexit collapse, the Organisation for Economic Co-operation and Development has predicted.

Performing somewhat of a post-Brexit u-turn, the international body has increased its 2016 growth forecast modestly, raising its gross domestic product (GDP) predictions from 1.7pc in its June update to 1.8pc now.

http://www.telegraph.co.uk/business/2016/09/21/brexit-not-as-bad-as-feared-says-oecd-as-it-performs-u-turn-on-2/

And from the Daily Mail:

A government watchdog has delivered a damning verdict on the Project Fear campaign waged by David Cameron and George Osborne – saying dire warnings have failed to materialise and the economy looks strong.

The assessment found there is ‘no sign’ of a collapse in consumer confidence after the historic EU referendum result.

Fears of a house price slump, job losses and soaring inflation have also yet to appear.

http://www.dailymail.co.uk/news/article-3799830/Damning-verdict-Project-Fear-Government-experts-say-dire-predictions-failed-emerge-economy-strong.html

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