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FIFA World Cup Forecast to Add $70 Bln to Brazil's Economy

According to Brazil’s Ministry of Sports calculations, the FIFA World Cup in 2014 is going to be a cash cow for the country. The nation’s economy is forecast to grow by at least $70 billion as a result of its hosting the World Cup, the Brazilian Ministry of Sports said July 6 in a statement. The figure is based on the country’s investments in private and public investment in infrastructure, heightened consumption, increased activity in the services sector and, of course, tax collection.

 

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