Why did the forecasters get it wrong?

Today, I’ve written a column for The Daily Telegraph after the Organisation for Economic Co-operation and Development became the latest organisation to U-turn on its predictions of a post-referendum economic shock. The OECD now says that the UK will grow faster in 2016 than any other advanced economy in the world.

Why did the forecasters get it wrong? I look at the recent explanation by Bank of England economist Kristin Forbes – which may shock you. You can access the article here.