THE WORLD CUP AND ECONOMICS: Hey Jude (06 July)

Research evidence excerpt

THE WORLD CUP AND ECONOMICS: Hey Jude (06 July)

Economics Research

6 July 2026 | 6:20AM EDT

THE WORLD CUP AND ECONOMICS

Hey Jude (06 July)

In New York, Norway pulled off a historic 2-1 win over Brazil, resulting in the Seleção’s Jan Hatzius

+1(212)902-0394 | jan.hatzius@gs.com

first round-of-16 exit since 1990. Norwegian keeper Nyland saved a penalty from Goldman Sachs & Co. LLC

Brazil’s Bruno Guimarães early in the first half. Erling Haaland showcased his scoring Giovanni Pierdomenico

repertoire late in the second half, putting his team 2-0 up with a few minutes to play. +44(20)7051-6807giovanni.pierdomenico@gs.com|

Neymar bid farewell to the Brazilian national team by converting a penalty just a Goldman Sachs International

Sven Jari Stehnhandful of seconds before the final whistle. Norway advanced to the quarter-finals +44(20)7774-8061 | jari.stehn@gs.com

for the first time in their history. Goldman Sachs International

At the Azteca, over 2000m above sea level, Mexico and England staged a memorable

round-of-16 match-up. After the kick-off was delayed due to weather conditions,

Jude Bellingham scored twice in the span of a few minutes to put England ahead 2-0,

although Mexico’s Quiñones managed to narrow the English lead before half-time. In

the second half, despite being down one man due to a straight red card shown to

Quansah, England went 3-1 up thanks to a penalty converted by Harry Kane. Raúl

Jiménez scored for Mexico in the 69th minute, again from the penalty spot, setting

the stage for a tense final few minutes. England’s defence held under pressure,

sending the Three Lions to the quarter-finals.

Exhibit 1 shows our expectations for today’s games, which incorporate the decision

by the FIFA Disciplinary Committee to suspend Folarin Balogun’s one-game ban.