— This is the script of CNBC’s financial news report for China’s CCTV on December 19, 2022.
As many people watched the World Cup final in the early hours of the morning, what kind of economic impact does winning the tournament have on the country that wins it? It has been found that countries that win the World Cup tend to benefit from a boost in their economies following the event, according to recent research by Marco Mello, Postdoctoral Research Fellow at the University of Surrey.
Mello’s study examined data from 1961 through the present and found that countries winning the World Cup tend to gain an additional 0.25 percentage points of economic growth in the two quarters following the tournament.
An improved export growth and an improved trade balance may account for this effect, which may result in a greater international appeal for the country after winning the most prestigious…
