‘World’s most accurate economist’ predicts US election outcome
Republican candidate Donald Trump will “most probably” win the US presidential election next month, economist Christophe Barraud, ranked by Bloomberg as the top forecaster of the American economy, has said.
With one week to go until the election, Democratic candidate and current vice president Kamala Harris leads Trump by less than one percentage point, according to the New York Times, which has reported that the gap is narrowing and that battleground states remain “extraordinarily tight.”
Making his prediction in a post on X (formerly Twitter) on Monday, Barraud wrote: “Looking at different metrics such as betting markets, polls, election modelers’ forecasts, financial markets, as of now, the most probable outcomes are: Trump victory; GOP clean sweep.”
Barraud is chief economist and strategist at Market Securities, and has been awarded the title of Top Forecaster of the US Economy by Bloomberg every year bar once since 2012.
He also presented several possible scenarios of the US election outcome in an interview with Business Insider earlier this week.
“A Trump win with a Republican sweep” and a majority in the Senate would enable the new president to implement tax cuts for corporations and households, as well as focus more on domestic rather than foreign policy, Barraud said. It would also have a short-term positive impact on US economic growth, creating a GDP boost between 2.1% and 2.3% in 2025, he added.
Among the other scenarios is a Trump victory with a divided Congress, according to the expert. This would limit his ability to cut taxes, forcing him to focus on foreign policy, likely by implementing trade restrictions and tariffs, Barraud said. The outcome would hurt global growth and slow the US economy in the long term, he added.
If Harris wins with a divided Congress, there will be minimal changes to economic policies, according to Barraud.
Earlier, Allan Lichtman, known as the “Nostradamus” of US elections for accurately predicting nine of the last ten presidential outcomes since 1984, said Harris will win the November 5 vote.
