Predicting the World Cup Champion Using Macroeconomics

A goal and an assist from Kylian Mbappé were enough to propel France into the FIFA World Cup semi-finals with a 2-0 victory over Morocco. The result was predicted by the Bond Vigilantes team at M&G Investments, who have developed an economic model that has called the correct team to go through 15 out of 16 times in the round of 32. Carlos Carranza, Senior Emerging Markets Debt Fund Manager at M&G joins The Opening Trade to discuss how macroeconomics can help predict who will take home the trophy. (Source: Bloomberg)