The other elements of the forecast are coming, they're just following on a time lag because they're dependent on choices getting locked in. The not so funny thing about Brexit is that it's like a game of chicken: the market doesn't believe Britain will choose drive off the cliff edge, so it hasn't priced in the damage; but that lack of pricing information makes it more likely Britain will drive off the edge.

It's one situation where markets might ironically be ill-suited to judge because of feedback effects. The worse the outcome, the less likely the market is to believe it, which sustains the delusion that it won't be bad.

But even if you were right about that, Article 50 was invoked and no insta-recession occurred.

Regardless of how you try and slice it the consensus of economists was wrong, 100% and completely wrong. There is no way to deny it.

The other elements of the forecast are coming

Wrong, totally wrong. Go read the Treasury's actual forecast:

https://www.gov.uk/government/news/britain-to-enter-recessio...

New Treasury analysis shows a vote to leave the EU would tip Britain’s economy into a year-long recession.

Speaking at B&Q in Eastleigh, Hampshire, the Prime Minister and Chancellor set out the Treasury’s analysis of the impact on the nation’s economy over the immediate period of two years following a vote to leave.

Do you see that - vote to leave. Very clear. There was a vote to leave. Their predictions did not come true. My point remains.

I’ve heard many arguments on how brexit is not going to be a disaster and many which say it’s going to be great.

The fact is that any exit from the EU will add friction to transactions with its closest geographic partner which it did not have before.

So the best option is that either the brits become a stepping stone for some world power (America/China).

And since recently someone pointed out that “China currently won, America just doesn’t know it yet.” I suspect that the power who finds use in propping up a regime near the Atlantic will be China.

Or it pretends to it’s populace that it’s independent but instead conforms as closely to EU regs to facilitate trade.

Either way, the drop in GDP is guaranteed, it is a matter of how much.

Every drop in GDP Is many thousands upon thousands of jobs that cease to be, its the inability to fund the NHS or repair trains.

Eventually it’s the utter overtake of the country by people who promise the moon but then divide the dwindling spoils.

Now humans think this sounds bad. But it’s not. It’s not terrible/ you aren’t becoming a third world nation.

You just have a GDP reduction. That’s it.

You also get to keep people tout, and fight harder for whatever it is that drove people to vote against their interests.

The population was fed a bunch of lies and rolled with it, complete BS like the 350M that would be shifted from Europe to NHS. How any sane person can still be rooting for Brexit after the truth came out is beyond me.

Did you read my post at all?

Government ministers are saying that its own analysis is suspect and not to be believed. And they are correct because the Treasury and many other economists all predicted a recession triggered by a vote to leave, not leaving itself (due to "uncertainty"). But that vote happened, so did invoking Article 50, and yet no recession occurred. Also all their post-vote predictions about quarter on quarter growth were wrong too, and again, in the wrong direction.

The government's predictions about the economy have no credibility. Young people often have trouble accepting that, but it is fact and cannot be argued with. The predictions were precise, and the real reporting values are also precise. They do not match and are not even close.