Economists have completely failed us. They’re no better than Mystic Meg | Simon Jenkins

On Brexit and the 2008 crash their predictions – distorted by politics – were utterly wrong. The profession owes the public an inquest and an apology

It is official. Figures for the past six months show that the forecasts of instant Brexit catastrophe from the Treasury and the Bank of England were garbage. The Bank’s economist, Andrew Haldane, admitted yesterday that it was a repeat of the failure to predict the 2008 crash. It was another “Michael Fish moment”, when meteorologists failed to fo...