Mr Haldane's comments certainly appear to justify the claims of Brexiteer MP Michael Gove that the UK electorate had “had enough of experts”. The doom and gloom that characterised the economic arguments of the Remain campaign – the so-called Project Fear – appears to have been categorically undermined by the recent strength of the UK economy.
Does this mean that economics is broken? Not necessarily. As our economist Chris Dillow writes on page 12, we cannot be sure that these forecasts were wrong – would UK GDP growth have been even stronger had we not voted to leave the EU? And far from a categorical mea culpa on its Brexit forecast, Mr Haldane is sticking to his view that there still will be an economic impact from leaving, while even Brexiteers don’t dispute that there could be economic pain ahead.