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Goldman Sachs

July 4, 2026

The World Cup and Economics

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This report provides an update on the 2026 FIFA World Cup knockout stages, detailing recent results and model-implied win probabilities for participating nations.

Key Takeaways

  • 1.Argentina narrowly defeated Cape Verde to reach the Round of 16 in the 2026 World Cup.
  • 2.France maintains the highest model-implied probability of winning the tournament at 30.3%.
  • 3.Egypt advanced to the Round of 16 after defeating Australia in a penalty shootout.

Table of Contents

  • The World Cup and Economics
  • Miami Heat, Cold Sweat (04 July)
  • Exhibit 1: Today's Games
  • Exhibit 2: The Development of the Knock-Out Phase
  • Exhibit 3: France Well Ahead
  • Exhibit 4: Updated Probabilities of Advancement in the 2026 World Cup
  • Disclosure Appendix

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