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World Cup does nothing to boost GDP

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  • charlie
    It was claimed on that Today program this morning that the UK hosting the 2018 World Cup would add £3 billion to GDP and create thousands of jobs - the
    Message 1 of 1 , Dec 2, 2010
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      It was claimed on that Today program this morning that the UK hosting the 2018 World Cup would add '£3 billion to GDP and create thousands of jobs' - the usual mega-sports-event economic benefit rhetoric.

      On the contrary this report from Daiwa Capital Markets based on analysis of 15 previous world cups indicates that average GDP drops for host countries during the cup year and has no detectable impact overall:

      http://www.uk.daiwacm.com/blog-what-do-world-cups-do-to-gdp-growth
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