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sievebrain | 7 years ago

LaGarde is obviously going to claim she was right when she was actually wrong, there's no incentive for her to change course at all. But look at the guardian article. The IMF says under "long negotiations" the UK would be in recession in 2017, in fact growth was awesome that year. I'm no fan of either the guardian or the Indy, but in this case I don't think the issue is the journalists. The scenarios the IMF presented for the situation the UK is in were just wrong.

Of course for people who still believe, economics is unfalsifiable because these predictions are often of the form "x.y% less than it would have been" but there's no way to tell what any given stat "would have been" unless you accept the premise that these people can predict the economy ... which they clearly can't.

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