How the economics profession got it wrong on Brexit

Some of the most widely cited predictions of the economic effects of Brexit rely on flawed analysis, particularly of the performance of the UK after it joined the EEC, and on the link between trade and productivity, write Ken Coutts (left), Graham Gudgin (University of Cambridge) and Jordan Buchanan (right) (Ulster University Economic Policy Centre). In order to restore public confidence in economic forecasting for major policy issues, economists need to use more relevant analyses, based on a wider range of evidence.