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INTERNATIONAL economic forecasters admit they were “too pessimistic” about the immediate impact of Brexit on Britain and the world.
The experts said the effects on the UK have been less than feared and we will bounce back in economic league tables inside two years.
But emerging powerhouses will make strong challenges in the 2020s, with China expected to overtake the US at No1 and Britain and France left behind by India and Brazil.
The findings come in the ninth edition of the annual World Economic League Table, which analyses the likely performance of 192 nations over the next 15 years.
The research, compiled by the Centre for Economics and Business Research in partnership with Global Construction Perspectives, predicted technology and cheap energy will now drive a stronger period of growth.
Their report said: “We were too pessimistic about the initial impacts of
Brexit on the UK economy.
“As the probability of some Brexit deal has increased, the pound has risen and UK growth has been rather higher than we had forecast.
“We still see Brexit, though, as imposing some difficult adjustments for the UK economy which will probably be spread over a longer period than we had earlier assumed.”
Yet again more proof so called experts are shown to be wrong in their forecasts, the future is not written except by ourselves. The UK is forecast to overtake France in 2020 and remain ahead for years, an independent UK can trade much better with India etc than under the constraints of the EU.
I won't get carried away though, these are yet more forecasts from the same so called experts.