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 Blomberg 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.
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