Merson predicted the Gunners’ 13-game unbeaten run in all competitions would come crashing to an end in a 3-1 defeat to Jurgen Klopp’s side.
The Starsport pundit feared Liverpool’s attacking trio of Mohamed Salah, Sadio Mane and Roberto Firmino would pick apart Unai Emery’s defence.
But Arsenal earned a deserved point thanks to Alexandre Lacazette’s late equaliser.
Reflecting on the draw, Merson took to Twitter and wrote: “Fair play to @Arsenal, I got that wrong yesterday and I’m sooo glad they made me eat my words.
“Clear they are improving every week #holdmyhandsup I never want Arsenal to do badly!
“I just give my honest opinion about everyone at the time I’m asked.”
James Milner fired Liverpool ahead at the Emirates Stadium following a blunder by Bernd Leno but they failed to find the all-important second goal.
Emery made a number of substitutions to freshen up his side, and the gamble paid off as Alex Iwobi came off the bench to tee-up Lacazette’s leveller.
Fair play to @Arsenal , I got that wrong yesterday and I’m sooo glad they made me eat my words. Clear they are improving every week #holdmyhandsup I never want Arsenal to do badly! I just give my honest opinion about everyone at the time I’m asked
— Paul Merson (@PaulMerse) November 4, 2018
The Arsenal boss was pleased with his side’s performance and pointed to Liverpool’s progress under Klopp as a model to follow.
“If you enjoy it as a spectacle then it is good!” he said in his post-match press conference.
“For our result this point is not enough but Liverpool is a very good test and at the moment we are continuing to work and improve and we are nearer to this performance going forward.
“In 90 minutes there are a lot of moments to control the match. It is not a bad point but we need more.
“They can win the Premier League this season, they play the final of the Europa League three years ago and last season they were in the final of the Champions League – they are a very good example for us.”
Liverpool boss Klopp was aggrieved that Sadio Mane had a ‘goal’ controversially ruled out for offside in the first half.
“There is only one person who can answer the question and that’s the linesman,” the Liverpool boss said.
“That’s football. If he thought the first situation was offside then I think he was wrong.
“But it’s not going to change and we made more mistakes than the referee. It would have been cool if this goal could count.”