Back in April, the Organisation for Economic Co-operation and Development (OECD) was up there with the rest of the doom-mongers, suggesting that a Brexit vote at June’s referendum would cause an immediate economic shock. Its report, The Economic Consequences of Brexit: A Taxing Decision, published on 27th April – just eight weeks before polling day – said, in terms: A UK exit (Brexit) would be a major negative shock to the UK economy. And during the referendum campaign, Remain campaigners were more than keen to pray in aid the OECD’s apocalyptic forecasts, not least David Cameron himself: OECD is right to warn leaving Europe would have “negative consequences” for our economy. That means lost jobs and higher prices. #StrongerIn — David Cameron (@David_Cameron) June 1, 2016 So, nearly three months on from the referendum and today the OECD has amended its growth forecast for the British economy. By how much do you think it has downgraded projections? Well, it hasn’t. It has raised growth projections for 2016 by 0.1% to 1.8%. Commenting, ONS Chief Economist Joe Grice said: As the available information grows, the referendum result appears, so far, not to have had a major effect on the UK economy. So it hasn’t fallen at the first fence but longer-term effects remain to be seen. The index of services published soon and the preliminary estimate of third quarter GDP, published at the end of October will add significantly to the evidence. And not a “major economic shock” in sight.