Economic Forecasts for Brexit are now Positive

The IMF World Economic Outlook (2017 update) now considers that Brexit will have little effect on the UK economy.

UK GDP growth is now expected to be similar to that of large EU economies:

Compare this with the false, scaremongering predictions given by the IMF before the EU Referendum in the IMF UK Selected Issues Report June 2016 (the UK is adopting what the IMF called the "Adverse Scenario"):

Notice that IMF and all the other Remain economists focussed on the period between the Referendum and Brexit (2017/2018). They all actually predicted good growth after a WTO Brexit - see What Remain economists actually said.

Other economists are now coming round to the idea that Brexit will be fine and not an economic disaster after all. In 2016 the Economist was predicting doom but now, in 2017, economists such as the Saturday Economist predict good growth for the UK:

Saturday Economist

Even the Bank of England now predicts c. 2% growth in 2017 - do you remember their post referendum forecast of 0.8% or less?

It is astonishing that the Remain media are still reporting inflation returning to around the 2% level as a Brexit catastrophe. They should remind their readers that 2% is an optimal target level for inflation used over the past decade and that the OBR was predicting 2% inflation for 2017 in July 2015!

The full predictions in the "IMF World Economic Outlook" are given below:

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