Pursuits
World Cup Champion’s Economy May Get Boost in Annual Growth
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The economy of the World Cup champion will be the real winner as either Spain or the Netherlands will get a boost from consumers after the world’s most-watched soccer match, economists say.
Triumph in the final at Johannesburg’s Soccer City tomorrow could add as much as 0.25 percentage point to annual economic growth for the winning team’s country from increased consumer spending, according to ABN Amro Bank NV economist Hein Schotsman in Amsterdam. For Spain, that could mean expansion this year instead of a projected contraction.