'World's most accurate economist' makes bold prediction for 2024 election

The "world’s astir meticulous economist" is predicting an Election Day triumph for erstwhile President Trump, pinch Republicans besides predicted to return backmost power of Congress successful a "clean sweep."

Christophe Barraud, nan main economist and strategist astatine Market Securities Monaco, besides said U.S. maturation would accelerate aft nan election. 

"Looking astatine different metrics specified arsenic betting markets, polls, predetermination modelers’ forecasts, financial markets, arsenic of now, nan astir probable outcomes are: [1] #Trump triumph [2] #GOP cleanable sweep," he wrote connected X.

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Chief economist and strategist astatine Market Securities, Christophe Barraud, poses for portraits astatine Market Securities office successful Paris, connected January 28, 2021. Barraud is predicting a Trump predetermination triumph arsenic good arsenic a Republican cleanable expanse successful Congress.  (ERIC PIERMONT/AFP via Getty Images)

Barraud, 38, has been classed nan champion economical forecaster for nan U.S. system by Bloomberg each twelvemonth since 2012.

Despite his prediction of economical growth, Barraud warned that if Vice President Kamala Harris gets elected pinch a divided Congress, yields could driblet because nan marketplace has already been priced successful a Republican win. It would correct down, he added.

If Trump wins pinch Congress divided betwixt parties, his expertise to trim taxes for corporations and households could beryllium stalled, Barraud told Business Insider. Trump would truthful attraction connected tariffs, which could wounded world growth, he said. 

The astir apt outcome, according to Barraud, is simply a Republican sweep of Congress.

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Donald Trump and Kamala Harris are astir 10 days from nan 2024 statesmanlike election. (Fox News)

If Trump gains a Republican majority, he could instrumentality taxation cuts for corporations and households and attraction much connected his home schedule alternatively than overseas policy. 

In nan short term, it would create a GDP boost successful 2025 betwixt 2.1% and 2.3%, he said. The consequence pinch Trump, Barraud said, is that if he cuts taxes without a measurement to salary for it, it could summation nan deficit. 

Former President and Republican statesmanlike campaigner Donald Trump speaks arsenic Vice President and Democratic statesmanlike campaigner Kamala Harris reacts during nan statesmanlike statement astatine National Constitution Center successful Philadelphia connected Sept. 10, 2024. (Demetrius Freeman/The Washington Post via Getty Images)

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The 10-year Treasury Bond output would initially jump to 4.5%, up from astir 4.23%, nether Trump. From there, he believes it will tick up to astir 5% if location is simply a Republican sweep.