The state of the world’s economy is currently in severe shock. At least that’s what one global top economist is telling everyone. Christophe Barraud has been in the news lately for his discussions about the Covid pandemic and how it’s affecting the global market economy. According to an article from Marketwatch.com, Barraud has recently predicted that economic healing won’t happen at least until 2022. Plenty of his predictions have come to pass before, so Barraud hasn’t given us much to question as of late. But if you want to know more about this top economist, here are 10 things to get you started.
1. Early years
Although Christophe Barraud makes a lot of predictions about the American market, he is actually a French economist. He was born on August 1, 1986 and grew up in Saint-Laurent-du-Var. He’s a young forecaster according to industry standards, and he’s only begun to make a name for himself as one of the world’s best in making economic predictions. His work is largely based out of Paris, and he continues to reside there todady.
Having spent most of his life in France, Barraud also received his education from some of the best schools in his home country. He attended the Academy of Nice, or the Lycée Thierry Maulnier, and received his first Bachelor’s Degree in Economics. He continued his education at the University Nice Sophia-Antipolis to receive a DEUG (Diplôme d’études universitaires generals, French for General Academic Studies Degree) in Economics-Management. Barraud would not stop there, however. He furthered his studies even more by attending the Paris-Dauphine University and receiving a Bachelor’s, Masters’, and Master’s II Degree in Finance. He then continued on to obtain his Doctorate Degree in Financial Economics from the same university in 2012.
While Barraud was studying for his doctorate, his focus was mainly on the sports betting markets and their parallels and behavioral comparisons to stocks markets. He regarded himself as an academic economist for many years, but transitioned to the market economy industry to pursue work outside theory. Forecasting has been his passion for many years now, since his college days. He has spent a generous amount of time creating models and adapting those into a macroeconomic structure.
Although he is most commonly known as one of the world’s best forecaster for many years now, Barraud also considers himself to be a strategist. He has applied many of his own economic models and methodology to assist in forecasting various economic statistics. Through his work in macroeconomics, Barraud has also become an expert strategist when it comes to analyzing, predicting, and providing solutions to economical problems such as inflation and unemployment rate.
5. Current work
Barraud joined Market Securities in 2011, and currently he is Paris’ Chief Economist and Strategist. That’s quite a title for someone so young. However, his expertise doesn’t stop there. Although Barraud’s work is largely based out of France, his expertise reaches even farther. He’s actually considered to be the world’s best forecaster on American and Chinese economies—mostly why we’ve been listening to his predictions on the future of American markets. He’s also one of the best forecasters on European area statistics.
He is well-educated and well-practiced, but that’s not the reason why Christophe Barraud has been named by Bloomberg as the top forecaster for the United States economy for six years in a row. No many people can boast of that kind of achievement. Barraud is considered to be one of the most accurate economists of our time, and his precision has led him to his recognitions. Barraud has also spent the last three years as top forecaster for the Eurozone and was 2017’s top forecaster for the Chinese market.
7. Social reach
We know that Christophe Barraud has been prominent on the news lately, but his clout has been far-reaching for a while now. Not many economists out there can say that they have over 60,000 followers on Twitter, but Barraud can. He’s considered to be one of the most influential economists around, and we have already discussed why. For those who follow the stock market closely, it probably pays to follow Barraud and his predictions as well. He hasn’t let us down in the past, and he really doesn’t plan on doing so anytime soon.
8. Covid prediction
One of Barraud’s most recent predictions deals with the current Covid pandemic. According to Barraud, economic recovery won’t happen until a vaccine is developed and distributed by at least this year. Within this timeframe, it will take the US market until 2022 to get back to its fourth quarter GDP from 2019. Barraud then adds that some European markets won’t begin recovery until 2023. It’s an interesting forecast, but coming from Barraud gives it a little more weight than usual.
9. Public sector
Barraud works with many private institutions, but he does his due diligence as a French citizen by working with the public sector as well. The French government often consults Barraud for his economic expertise, and we can imagine other governments seeking his knowledge as well. Barraud is constantly making predictions, so really he’s doing everyone some kind of favor—if only people would listen to anything he has to say about the economy.
10. US and China
Apart from his recent Covid market predictions, Barraud is probably best known for his predictions regarding the trade wars between the United States and China in 2018 to 2019. While most economists were making predictions about the global economy, Barraud was anticipating against the grain—with incredible accuracy. He voiced various alarms around that time, dismissed various threats, diagnosed specific events, and adopted various positions that were just not the industry norm.
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Written by Allen Lee
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