The impact of rugby world cup in French economy!!!

According to lot of analyst the rugby world cup in France will have no impact in the growth.

However this event will have direct consequences on certain sectors of the economy, notably transport, hotel business and restoration ", explains the economist. A study of Essec (a French Business school) calculates to 1,5 billion euro the spending of 350.000 tourists come specially in France to attend this World cup.

On the other hand, the consequences on the public baptiment and works will be limited, the World cup having given place to works of renovation but no construction...

Impact in Household consumption will be limited also because since football world cup French are already massively renewed their equipments. And the growth increase more than 28%.

The psychological effect stays. While the confidence of the households and the manufacturers stands up since January, a final victory of Fifteen French could give the envy to the households to consume more and to the entrepreneurs to invest, to engage and to innovate. A reason furthermore to support the French team.

Geoffrey THIRIEZ geoffrey.thiriez@espeme.com