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.


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.


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