Tuesday, March 2, 2010

The Macroeconomic Significance of Football

That football is of vital significance for macroeconomic events has been confirmed by the South Africans, who expect this summer's World Cup (starting in 100 days) to add 0.5 percentage points to economic growth in the country.  I.e. of the growth predicted of 2.3%, 1.8% of that number is due to normal economic matters, while the remaining 0.5% component is related to the World Cup.

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