Boom or bust for World Cup hosts? by Reuters
RIO di JANEIRO – The FIFA World Cup has seen host country Brazil ousted in convincing fashion by Germany. Fans were seen leaving at the halfway point of the game with Brazil down 5-0. Hundreds of thousands of tourist flocked to Rio for the world cup. Their spending is expected to generate a boom for the local economy.
Ivor Bennett, Reuters Reporter, saying “90,000 tourists are expected here in Rio during the World Cup. They’re not just here for the football of course, but also for beaches like this. Now according to the local authorities, they’ll deliver a huge boost to the region’s economy, to the tune of 450 million dollars.”
For Brazil as a whole, the estimates are impressive. 600,000 tourists, spending 3 billion dollars.
However is it all rosy. After spending all the money to get the FIFA World Cup to Brazil, the nation’s pride was dealt a serious blow when Germany set a new FIFA record with five goals in the first half of the semi-final match against the host country.