‘World Cup im­pact limit’

Global Times - Weekend - - SPORTS -

While the World Cup that kicks off later this month will fo­cus the at­ten­tion of soc­cer fans around the world on Rus­sia, it will have lit­tle im­pact on the coun­try’s econ­omy, an­a­lysts at Moody’s rat­ing agency have said.

“The games will last just one month and the as­so­ci­ated eco­nomic stim­u­lus will pale in com­par­i­son to the size of Rus­sia’s $1.3 tril­lion econ­omy,” said Kristin Lin­dow, se­nior vice pres­i­dent and an­a­lyst at Moody’s.

“We do not ex­pect the World Cup to make a mean­ing­ful con­tri­bu­tion to broader eco­nomic growth,” she said in a state­ment ac­com­pa­ny­ing a re­port re­leased late Thurs­day.

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