1) The World Cup generates billions in revenue for FIFA from broadcasting rights and marketing deals. Though a small percentage of global GDP, FIFA revenues have grown faster than GDP in recent cycles.
2) Hosting the World Cup can provide some short-term economic boost from construction and tourism, but has often negatively impacted the host country's growth and currency in the year after the tournament.
3) Brazil may see weaker economic data in June as viewers watch the World Cup during work hours, as seen after past tournaments they have advanced in.
Quarterly report Q1 perspectives global and spanish economy January 2019Círculo de Empresarios
.Overview of the economic situation Q1-2019
Despite being in a favourable economic cycle (global growth still above 3%), GDP estimates are being revised downwards (IMF, OECD, European Commission, etc.).
The striking main causes: economic cycle phase change, trade slowdown, Trump’s protectionism, monetary policy normalisation, political tensions stemming from populism (Brexit, Italy, etc.) and worse economic expectations in China and Germany.
The growth of world GDP exhibits less synchronisation than in January 2018. In advanced economies, the US expands at rates above 2%, supported by fiscal stimuli and an unemployment rate at record lows. In contrast, the EU loses strength due to the uncertainty associated with Brexit & Italy and the consequences of the trade war having a greater impact on the German external sector.
In emerging markets, on the one hand, given their high levels of debt, the evolution of their growth and inflation rates depend on the rise in US interest rates and the unfolding of oil prices. On the other hand, the financial instability resulting from the near end of the economic cycle and lower prospects for the growth in corporate profits in 2019 worry the financial markets, manifested through an increase in volatility.
2009 APTEA Congress Belgrade SBrovko economic review.pptSerge Brovko
The document discusses several topics related to the global economy including:
1) There have been four major revolutions in world communication over time, with the current era bringing electronic data transfer and new technologies.
2) Serbia/Yugoslavia experienced two major events in the 20th century - World War 1 and US bombing of Serbia in 1999. These events contributed to economic crises and a "New World Order".
3) Past forecasts from the 1990s-2000s predicted high rates of growth that did not come to pass due to the global economic crisis.
4) The future of the globalized world is uncertain, with some arguing for a "de-globalized" world with regionalization of
Ei g2014 white paper re wc14 (version 1.01)lwr1957
This document analyzes betting trends from the 2014 FIFA World Cup in Brazil. It finds that in-running betting levels were on par with 2010 at around 58% of bets, but that start times dampened European viewership and betting. Germany's victory over second-favorite Argentina likely boosted bookmaker profits more than if Argentina had won. Overall, the tournament was likely profitable for operators, though possibly not as much as 2010 due to the start time issues lowering engagement. A record number of goals, especially in early rounds, benefited over/under markets.
It is an analysis of football market in Brazil. How corruption is related to world cup in Brazil? Forecasting in world cup and its market etc are explained.
The document is a research paper that examines the determinants of international soccer performance in the FIFA World Cup. It analyzes the relationship between a country's success in the World Cup and factors like wealth, culture, and the popularity of football. The researchers find that cultural predisposition toward football as the main sport and popularity of the sport within a nation are more statistically significant determinants of success than per capita wealth, contrary to some previous research. The paper reports on data collected on World Cup matches, goals, points, appearances, top goal scorers, viewership, temperature, population, and wealth for 40 countries in order to analyze which factors best predict winning percentage.
http://bit.ly/GEWjuin2014PwC
Le Brésil accueille la Coupe du Monde de football ce mois-ci. Cet événement sportif va mettre l'accent sur une économie des BRIC qui a traversé une période difficile depuis la crise financière.
Quarterly report Q1 perspectives global and spanish economy January 2019Círculo de Empresarios
.Overview of the economic situation Q1-2019
Despite being in a favourable economic cycle (global growth still above 3%), GDP estimates are being revised downwards (IMF, OECD, European Commission, etc.).
The striking main causes: economic cycle phase change, trade slowdown, Trump’s protectionism, monetary policy normalisation, political tensions stemming from populism (Brexit, Italy, etc.) and worse economic expectations in China and Germany.
The growth of world GDP exhibits less synchronisation than in January 2018. In advanced economies, the US expands at rates above 2%, supported by fiscal stimuli and an unemployment rate at record lows. In contrast, the EU loses strength due to the uncertainty associated with Brexit & Italy and the consequences of the trade war having a greater impact on the German external sector.
In emerging markets, on the one hand, given their high levels of debt, the evolution of their growth and inflation rates depend on the rise in US interest rates and the unfolding of oil prices. On the other hand, the financial instability resulting from the near end of the economic cycle and lower prospects for the growth in corporate profits in 2019 worry the financial markets, manifested through an increase in volatility.
2009 APTEA Congress Belgrade SBrovko economic review.pptSerge Brovko
The document discusses several topics related to the global economy including:
1) There have been four major revolutions in world communication over time, with the current era bringing electronic data transfer and new technologies.
2) Serbia/Yugoslavia experienced two major events in the 20th century - World War 1 and US bombing of Serbia in 1999. These events contributed to economic crises and a "New World Order".
3) Past forecasts from the 1990s-2000s predicted high rates of growth that did not come to pass due to the global economic crisis.
4) The future of the globalized world is uncertain, with some arguing for a "de-globalized" world with regionalization of
Ei g2014 white paper re wc14 (version 1.01)lwr1957
This document analyzes betting trends from the 2014 FIFA World Cup in Brazil. It finds that in-running betting levels were on par with 2010 at around 58% of bets, but that start times dampened European viewership and betting. Germany's victory over second-favorite Argentina likely boosted bookmaker profits more than if Argentina had won. Overall, the tournament was likely profitable for operators, though possibly not as much as 2010 due to the start time issues lowering engagement. A record number of goals, especially in early rounds, benefited over/under markets.
It is an analysis of football market in Brazil. How corruption is related to world cup in Brazil? Forecasting in world cup and its market etc are explained.
The document is a research paper that examines the determinants of international soccer performance in the FIFA World Cup. It analyzes the relationship between a country's success in the World Cup and factors like wealth, culture, and the popularity of football. The researchers find that cultural predisposition toward football as the main sport and popularity of the sport within a nation are more statistically significant determinants of success than per capita wealth, contrary to some previous research. The paper reports on data collected on World Cup matches, goals, points, appearances, top goal scorers, viewership, temperature, population, and wealth for 40 countries in order to analyze which factors best predict winning percentage.
http://bit.ly/GEWjuin2014PwC
Le Brésil accueille la Coupe du Monde de football ce mois-ci. Cet événement sportif va mettre l'accent sur une économie des BRIC qui a traversé une période difficile depuis la crise financière.
Az Initiative Futures Sport + Entertainment elkészítette a 2010-es foci Vb-re vonatkozó ViewerTrack tanulmányát. Az 55 országból és 1998-ig visszamenőleg gyűjtött adatokból kiderül: a futball legnagyobb világeseményén nem fog a tévés fragmentáció.
This document analyzes Nielsen Sports data on the global popularity and reach of football (soccer). Some key findings include:
- Football is by far the most popular and widely followed sport globally, with over 40% of people surveyed across 18 major markets interested in the sport. The next closest sport is basketball at 36%.
- Football has the largest global fanbase of any sport, estimated at 736 million people across the surveyed markets in 2017.
- Football is also the most popular sport for women, with 31% of women across the markets interested, compared to 28% for basketball in second place.
- The top 20 markets in terms of percentage of the population interested in football span Europe, Asia, Latin America,
THE FIFA WORLD CUP 2014 - 2018 - 2022The Fédération Internati.docxcherry686017
THE FIFA WORLD CUP 2014 - 2018 - 2022
The Fédération Internationale de Football Association (FIFA) World Cup, an international association soccer competition, was founded on May 1, 1904 when the first international match was played between Belgium and France in Brussels. The inaugural FIFA World Cup was in Uruguay, the host nation, with 13 men’s football teams in July 1930. This successful nongovernmental organization currently holds the FIFA World Cup every four years with 32 teams having the quality to participate in the tournament. In the FIFA congress, Joseph Sepp Blatter has been the president for more than 15 years. The congress has 208 member associations and 6 confederations. The purpose of the football’s international governing body is to maintain the popularity of soccer game globally and emphasize the unity, cultural and humanitarian values. Besides to the present structure and purpose of the congress, the main FIFA partners were Adidas, Cola-Cola, Emirates, Sony, Hyundai, and Visa for 2014 (“Fifa Classic Football and Partners” par. 2). Additionally, the income statement of FIFA is demonstrated at right. In the graph, it is indicated that the soccer association was able to make $220 million when it held the World Cup in South Africa (Fifa Financial Report p 15).
On October 30, 2007, Brazil was chosen as the host nation for 2014 FIFA World Cup. At the time, the country had one of the fastest growing economies in the world. The public reaction was inexpressible since the Land of Soccer would host the world's most popular sports tournament and its fans from all over the world. However, some doubts arose in June 2013 when the first match of the Confederations Cup was played. The State of Brazil faced a severe crisis of confidence deepened by a sense of economic decline and growing gap between social classes. The protests propelled FIFA president Sepp Blatter to explain that “FIFA cannot be held responsible for social discrepancy in the country” (NY Daily News par 11). However, the protestors accused the government and FIFA due to the corruption and waste of money (Rapoza par 1-4). According to their beliefs, spending a great amount of money on expensive stadiums and touristic attractions was pointless instead of improving social services such as medical, education and transportation. Basically, as Rapoza, from the Forbes Magazine, said, “The kingpin of FIFA World Cup soccer has managed to stage the most anti-FIFA protests ever”. Furthermore, the press and social media led hundreds of thousands of people around the world to support Anti-World Cup protestors. Besides to the government in Brazil, it was the proper time for FIFA to do self-criticism and seek permanent solutions to regain the public trust.
The FIFA Communications & PA Division focuses on the four major areas of Media, Corporate Communications, Content Management Services, and New Media. All these areas are responsible for the FIFA’s public & media relations, reputation ...
The document provides an overview of the global and Spanish economies in Q4 2019. It discusses the synchronized global economic slowdown, with the IMF forecasting the lowest growth rate since the beginning of the decade. Advanced economies are showing signs of nearing the end of their business cycles, while emerging markets face risks from high debt levels. The trade war and Brexit continue to increase uncertainty. The Eurozone industrial sector is contracting and unemployment remains low. China's growth is moderating as both private and public demand slow. Hong Kong's economy declined in Q3 2019 due to social protests. Latin American growth forecasts were revised downwards.
The sports industry generates hundreds of billions of dollars annually in the United States alone. Major professional sports leagues like the NFL, NBA, NHL and MLB bring in around $17 billion combined each year. However, the total size of the sports industry, including equipment, apparel, gambling, facilities and more, is estimated between $400-425 billion annually in the US. The sports sector employs over 1.5 million Americans directly and is constantly evolving as consumer tastes, popular sports, and new technologies change over time. Sports broadcasting is also evolving with new media like the internet, DVRs, and mobile devices impacting how fans watch events. The global recession negatively impacted the sports industry starting in 2008 through reduced ticket and equipment sales
The document discusses the economic impact of hosting major sporting events like the FIFA World Cup, using Brazil's experience with the 2014 World Cup and Barcelona's experience with the 1992 Olympics as examples. While short-term economic indicators in Brazil declined during the World Cup period, long-term investments in infrastructure can boost GDP growth for years. Hosting such an event also provides global exposure that can transform a city or country into a tourist destination if the infrastructure is leveraged properly. The experience of countries like Barcelona shows that major events can catalyze long-term economic transformation when the investments are planned carefully and have a vision beyond just the event.
Perspectives on Global and Spanish Economy Q3-2018 Circulo de EmpresariosCírculo de Empresarios
- The document provides an economic overview and forecasts for global and Spanish economies in Q3-2018. It summarizes that global economic growth is solid but prospects for 2019 are gloomy, with downward revisions. Emerging markets face risks from tightening monetary policy and trade tensions. The US economy remains robust but some indicators point to possible overheating. Inflation in the US has reached the Fed's target.
Magna Global - Advertising Forecasts - Global Advertising Market | 12/06/2014Lamia Mosbah
Globally, media owner advertising revenues are forecast to grow 4.8% in 2015 to $536 billion, a deceleration from 2014 growth of 5.5%. Significant revisions have been made to country-level forecasts, with growth expected to slow in China, Russia, Germany, Brazil and Canada. Digital media is forecast to reach 30% of the global advertising market share in 2015, surpassing television's share in 2019. Television growth is expected to slow to 3% globally in 2015 due to the absence of major sporting events that boosted 2014 revenues.
Quarterly Report. Perspectives on Global and Spanish economy Q2-2019Círculo de Empresarios
The main international organisations (IMF, OECD, European Commission, etc.) continue to downgrade their growth expectations in light of the new geopolitical and economic scenario. Q1 2019 has been marked by the darkening economic outlook, the waning confidence of the private sector, and the mounting global uncertainty, which is at record levels of 2016, mainly due to the impact of trade tensions between the US and China, the fears associated with Brexit, the weakening of the multilateral trade, the lack of leadership, and the rise of populism.
Globally, the slowdown in growth is confirmed, although better prospects are maintained for 2020. In advanced economies, there is a less robust & synchronised progress, symptoms of nearing the end of the expansion phase of the business cycle, and the US & euro area economies are decoupling. The US maintains a growth rate of over 2% per year & an unemployment rate at record lows, although the expansionary effect of its fiscal policy is beginning to subside. On the other hand, there is less dynamism in the EU, mainly due to the weakness of the German industry, the political & economic fragility of Italy, and the institutional crisis of the United Kingdom stemming from the indetermination of the final agreement of the Brexit.
Macroeconomic imbalances persist in emerging countries, mainly in Turkey and Argentina, given their high debt levels, and the evolution of their growth & inflation rates. All this in a context contingent on the monetary policy of the main central banks, the evolution of oil price & other raw materials, the trade war, and lower profits margins.
View more documents https://circulodeempresarios.org/en/coleccion/informe-trimestral-en/
This document provides an analysis of several contemporary issues facing international basketball. It discusses FIBA's new calendar system which will change qualification tournaments starting in 2017. It also examines safety measures for courtside fans in the NBA following an injury incident. Additionally, it analyzes challenges facing UK basketball including funding cuts and governance issues. The document further discusses differences between the NBA and FIBA/WADA anti-doping policies and restrictions on paying college athletes in the NCAA. The second part focuses on the ongoing conflict between FIBA Europe and Euroleague Basketball which creates uncertainty for European basketball's future.
Economic situation summary
The uncertainty surrounding the spread of Covid 19 is significantly conditioning economic agents’ expectations for the coming years In this context, most international organizations (the IMF, OECD, World Bank and European Commission) project a contraction of GDP above 3 yearly for 2020 and warn of risks such as rising unemployment and a possible spike in inflation above 2 in some economies, and a future increase of debt as a result of the fiscal and monetary stimulus packages That said, these organizations also point out that without these expansionary measures, the economic recession would have been a lot worse.
In developed countries the gradual reactivation of the economy began in May with the easing of movement restrictions to contain the spread of the virus In the US the Fed improved its growth forecasts, envisioning a smaller decrease in GDP 3 4 yearly vs 6 5 previously), and revised its monetary policy goals with a more direct monitoring on the job creation objective In the Eurozone economic sentiment improved as the ECB continued its monetary stimulus plan, and the European Commission finalized details of a European recovery fund of 750 000 million.
In most emerging markets the spread of the virus continues to lower the expectations of economic agents, in some cases intensifying the structural risks to these economies (debt sustainability, unemployment In India and Brazil two of the countries most affected by the pandemic, GDP is forecast to contract in 2020 by 10 2 and 6 5 yearly and respectively In China the curve representing new cases seems to be under control, and economic activity has rebounded strongly in the second half of 2020 creating a V shaped recovery.
This document provides a sales playbook for capitalizing on marketing opportunities during the 2014 World Cup soccer championship. It outlines how the event will drive global advertising revenue and tourism. It encourages leveraging search advertising and developing mobile and social media strategies. Statistics on past viewership, industry growth, and consumer searches around similar sporting events like the Super Bowl are presented to illustrate lucrative areas for brands to target through Bing Ads.
The World Cup is a major international soccer tournament held every 4 years that has significant economic and financial impacts. When Brazil hosted the 2014 World Cup, their stock market declined slightly on the day they were defeated in the tournament due to the emotional reaction of investors. However, hosting the World Cup provides a country long term economic benefits through infrastructure investment and increased tourism. For investors, strategically investing in multinational companies that sponsor the World Cup or foreign market ETFs can provide diversification opportunities, though short term reactions to game outcomes may occur.
Quarterly report on the global and the spanish economy Q3 2016 Círculo de Emp...Círculo de Empresarios
The quarterly report provides an overview of the global and Spanish economies in Q3 2016. Key points include: global GDP growth is projected at 3.1% in 2016 and 3.4% in 2017, with advanced economies seeing slower growth than emerging markets; uncertainties from political events and protectionism pose risks; the US economy saw a pickup in growth in Q3 2016 while the Eurozone maintained growth; unemployment rates continue to fall in major economies.
Mega eventos esportivos, relatório VISAJeanine Pires
This document discusses using payment card data to analyze visitor spending at three mega sporting events: the 2010 FIFA World Cup in South Africa, the 2010 Vancouver Winter Olympics, and the 2008 Beijing Summer Olympics. It found spending increased substantially during each event compared to the previous year, indicating the events provided an economic boost through tourism. Specifically, spending increased 82% in South Africa during the World Cup, 93% in Vancouver during the Winter Games, and 15% in Beijing after the Summer Games. The document concludes international payment card data provides a valuable way to measure tourism impacts of mega events in real-time.
This document discusses several key contemporary issues in football, including multi-club ownership, referee supporting technology, racism, gender inequality, and corruption. It provides definitions and background information on each topic. For multi-club ownership, the document examines definitions, the impact of foreign and private investors, and challenges. It also discusses goal-line technology and video assistant referees in relation to referee supporting technology. Statistics and examples are provided for issues like racism, gender inequality, and corruption in football governance. Finally, recommendations are made around improving transparency and reducing corruption.
Arthur D. Little : Covid 19 impact on automotive industry update July 2020Fabrizio Arena
The document summarizes the impact of Covid-19 on the global automotive industry. It finds that global car sales are expected to drop 22% in 2020 compared to 2019, with key markets like Europe and the US seeing declines of 31.2% and 21.7% respectively. Global automotive production is also forecasted to decline 21.3% in 2020. The recovery of the industry will be long and gradual over the next 2-3 years as demand remains constrained. The biggest production drops are expected in the EU, US, and China.
FIFA World Cup 2014: Social Impacts and Policy StrategiesFlavio Kleijssen
The main aim of this study is to analyze ex-ante the likely socio- economic impact of the 2014 FIFA World Cup that will take place in Brazil. The recent trends of highly competitive bids to be designated host country of a sport mega-event show us the bidders believe such events to generate positive impacts. In this paper, we analyze through a descriptive approach the main aspects of potential economic and social effects through the organization of the World Cup, while contrasting it with the major cost and risks Brazil is bearing.
Our conclusions show that organizing a major sporting event is a unique opportunity for economic and social development, can accelerate infrastructure improvement and it is a major factor for gaining in international reputation, and, therefore, increasing in the long run a country’s soft power. However, in the case of Brazil, the high cost, widespread popular discontent, safety issues, lack of planning and coordination may have an important negative impact, which is likely to offset the benefits. It has been said that Brazil is the country of the future, and always will be. The 2014 World Cup, and 2016 Olympic Games will give a strong indication whether this still holds true.
Az Initiative Futures Sport + Entertainment elkészítette a 2010-es foci Vb-re vonatkozó ViewerTrack tanulmányát. Az 55 országból és 1998-ig visszamenőleg gyűjtött adatokból kiderül: a futball legnagyobb világeseményén nem fog a tévés fragmentáció.
This document analyzes Nielsen Sports data on the global popularity and reach of football (soccer). Some key findings include:
- Football is by far the most popular and widely followed sport globally, with over 40% of people surveyed across 18 major markets interested in the sport. The next closest sport is basketball at 36%.
- Football has the largest global fanbase of any sport, estimated at 736 million people across the surveyed markets in 2017.
- Football is also the most popular sport for women, with 31% of women across the markets interested, compared to 28% for basketball in second place.
- The top 20 markets in terms of percentage of the population interested in football span Europe, Asia, Latin America,
THE FIFA WORLD CUP 2014 - 2018 - 2022The Fédération Internati.docxcherry686017
THE FIFA WORLD CUP 2014 - 2018 - 2022
The Fédération Internationale de Football Association (FIFA) World Cup, an international association soccer competition, was founded on May 1, 1904 when the first international match was played between Belgium and France in Brussels. The inaugural FIFA World Cup was in Uruguay, the host nation, with 13 men’s football teams in July 1930. This successful nongovernmental organization currently holds the FIFA World Cup every four years with 32 teams having the quality to participate in the tournament. In the FIFA congress, Joseph Sepp Blatter has been the president for more than 15 years. The congress has 208 member associations and 6 confederations. The purpose of the football’s international governing body is to maintain the popularity of soccer game globally and emphasize the unity, cultural and humanitarian values. Besides to the present structure and purpose of the congress, the main FIFA partners were Adidas, Cola-Cola, Emirates, Sony, Hyundai, and Visa for 2014 (“Fifa Classic Football and Partners” par. 2). Additionally, the income statement of FIFA is demonstrated at right. In the graph, it is indicated that the soccer association was able to make $220 million when it held the World Cup in South Africa (Fifa Financial Report p 15).
On October 30, 2007, Brazil was chosen as the host nation for 2014 FIFA World Cup. At the time, the country had one of the fastest growing economies in the world. The public reaction was inexpressible since the Land of Soccer would host the world's most popular sports tournament and its fans from all over the world. However, some doubts arose in June 2013 when the first match of the Confederations Cup was played. The State of Brazil faced a severe crisis of confidence deepened by a sense of economic decline and growing gap between social classes. The protests propelled FIFA president Sepp Blatter to explain that “FIFA cannot be held responsible for social discrepancy in the country” (NY Daily News par 11). However, the protestors accused the government and FIFA due to the corruption and waste of money (Rapoza par 1-4). According to their beliefs, spending a great amount of money on expensive stadiums and touristic attractions was pointless instead of improving social services such as medical, education and transportation. Basically, as Rapoza, from the Forbes Magazine, said, “The kingpin of FIFA World Cup soccer has managed to stage the most anti-FIFA protests ever”. Furthermore, the press and social media led hundreds of thousands of people around the world to support Anti-World Cup protestors. Besides to the government in Brazil, it was the proper time for FIFA to do self-criticism and seek permanent solutions to regain the public trust.
The FIFA Communications & PA Division focuses on the four major areas of Media, Corporate Communications, Content Management Services, and New Media. All these areas are responsible for the FIFA’s public & media relations, reputation ...
The document provides an overview of the global and Spanish economies in Q4 2019. It discusses the synchronized global economic slowdown, with the IMF forecasting the lowest growth rate since the beginning of the decade. Advanced economies are showing signs of nearing the end of their business cycles, while emerging markets face risks from high debt levels. The trade war and Brexit continue to increase uncertainty. The Eurozone industrial sector is contracting and unemployment remains low. China's growth is moderating as both private and public demand slow. Hong Kong's economy declined in Q3 2019 due to social protests. Latin American growth forecasts were revised downwards.
The sports industry generates hundreds of billions of dollars annually in the United States alone. Major professional sports leagues like the NFL, NBA, NHL and MLB bring in around $17 billion combined each year. However, the total size of the sports industry, including equipment, apparel, gambling, facilities and more, is estimated between $400-425 billion annually in the US. The sports sector employs over 1.5 million Americans directly and is constantly evolving as consumer tastes, popular sports, and new technologies change over time. Sports broadcasting is also evolving with new media like the internet, DVRs, and mobile devices impacting how fans watch events. The global recession negatively impacted the sports industry starting in 2008 through reduced ticket and equipment sales
The document discusses the economic impact of hosting major sporting events like the FIFA World Cup, using Brazil's experience with the 2014 World Cup and Barcelona's experience with the 1992 Olympics as examples. While short-term economic indicators in Brazil declined during the World Cup period, long-term investments in infrastructure can boost GDP growth for years. Hosting such an event also provides global exposure that can transform a city or country into a tourist destination if the infrastructure is leveraged properly. The experience of countries like Barcelona shows that major events can catalyze long-term economic transformation when the investments are planned carefully and have a vision beyond just the event.
Perspectives on Global and Spanish Economy Q3-2018 Circulo de EmpresariosCírculo de Empresarios
- The document provides an economic overview and forecasts for global and Spanish economies in Q3-2018. It summarizes that global economic growth is solid but prospects for 2019 are gloomy, with downward revisions. Emerging markets face risks from tightening monetary policy and trade tensions. The US economy remains robust but some indicators point to possible overheating. Inflation in the US has reached the Fed's target.
Magna Global - Advertising Forecasts - Global Advertising Market | 12/06/2014Lamia Mosbah
Globally, media owner advertising revenues are forecast to grow 4.8% in 2015 to $536 billion, a deceleration from 2014 growth of 5.5%. Significant revisions have been made to country-level forecasts, with growth expected to slow in China, Russia, Germany, Brazil and Canada. Digital media is forecast to reach 30% of the global advertising market share in 2015, surpassing television's share in 2019. Television growth is expected to slow to 3% globally in 2015 due to the absence of major sporting events that boosted 2014 revenues.
Quarterly Report. Perspectives on Global and Spanish economy Q2-2019Círculo de Empresarios
The main international organisations (IMF, OECD, European Commission, etc.) continue to downgrade their growth expectations in light of the new geopolitical and economic scenario. Q1 2019 has been marked by the darkening economic outlook, the waning confidence of the private sector, and the mounting global uncertainty, which is at record levels of 2016, mainly due to the impact of trade tensions between the US and China, the fears associated with Brexit, the weakening of the multilateral trade, the lack of leadership, and the rise of populism.
Globally, the slowdown in growth is confirmed, although better prospects are maintained for 2020. In advanced economies, there is a less robust & synchronised progress, symptoms of nearing the end of the expansion phase of the business cycle, and the US & euro area economies are decoupling. The US maintains a growth rate of over 2% per year & an unemployment rate at record lows, although the expansionary effect of its fiscal policy is beginning to subside. On the other hand, there is less dynamism in the EU, mainly due to the weakness of the German industry, the political & economic fragility of Italy, and the institutional crisis of the United Kingdom stemming from the indetermination of the final agreement of the Brexit.
Macroeconomic imbalances persist in emerging countries, mainly in Turkey and Argentina, given their high debt levels, and the evolution of their growth & inflation rates. All this in a context contingent on the monetary policy of the main central banks, the evolution of oil price & other raw materials, the trade war, and lower profits margins.
View more documents https://circulodeempresarios.org/en/coleccion/informe-trimestral-en/
This document provides an analysis of several contemporary issues facing international basketball. It discusses FIBA's new calendar system which will change qualification tournaments starting in 2017. It also examines safety measures for courtside fans in the NBA following an injury incident. Additionally, it analyzes challenges facing UK basketball including funding cuts and governance issues. The document further discusses differences between the NBA and FIBA/WADA anti-doping policies and restrictions on paying college athletes in the NCAA. The second part focuses on the ongoing conflict between FIBA Europe and Euroleague Basketball which creates uncertainty for European basketball's future.
Economic situation summary
The uncertainty surrounding the spread of Covid 19 is significantly conditioning economic agents’ expectations for the coming years In this context, most international organizations (the IMF, OECD, World Bank and European Commission) project a contraction of GDP above 3 yearly for 2020 and warn of risks such as rising unemployment and a possible spike in inflation above 2 in some economies, and a future increase of debt as a result of the fiscal and monetary stimulus packages That said, these organizations also point out that without these expansionary measures, the economic recession would have been a lot worse.
In developed countries the gradual reactivation of the economy began in May with the easing of movement restrictions to contain the spread of the virus In the US the Fed improved its growth forecasts, envisioning a smaller decrease in GDP 3 4 yearly vs 6 5 previously), and revised its monetary policy goals with a more direct monitoring on the job creation objective In the Eurozone economic sentiment improved as the ECB continued its monetary stimulus plan, and the European Commission finalized details of a European recovery fund of 750 000 million.
In most emerging markets the spread of the virus continues to lower the expectations of economic agents, in some cases intensifying the structural risks to these economies (debt sustainability, unemployment In India and Brazil two of the countries most affected by the pandemic, GDP is forecast to contract in 2020 by 10 2 and 6 5 yearly and respectively In China the curve representing new cases seems to be under control, and economic activity has rebounded strongly in the second half of 2020 creating a V shaped recovery.
This document provides a sales playbook for capitalizing on marketing opportunities during the 2014 World Cup soccer championship. It outlines how the event will drive global advertising revenue and tourism. It encourages leveraging search advertising and developing mobile and social media strategies. Statistics on past viewership, industry growth, and consumer searches around similar sporting events like the Super Bowl are presented to illustrate lucrative areas for brands to target through Bing Ads.
The World Cup is a major international soccer tournament held every 4 years that has significant economic and financial impacts. When Brazil hosted the 2014 World Cup, their stock market declined slightly on the day they were defeated in the tournament due to the emotional reaction of investors. However, hosting the World Cup provides a country long term economic benefits through infrastructure investment and increased tourism. For investors, strategically investing in multinational companies that sponsor the World Cup or foreign market ETFs can provide diversification opportunities, though short term reactions to game outcomes may occur.
Quarterly report on the global and the spanish economy Q3 2016 Círculo de Emp...Círculo de Empresarios
The quarterly report provides an overview of the global and Spanish economies in Q3 2016. Key points include: global GDP growth is projected at 3.1% in 2016 and 3.4% in 2017, with advanced economies seeing slower growth than emerging markets; uncertainties from political events and protectionism pose risks; the US economy saw a pickup in growth in Q3 2016 while the Eurozone maintained growth; unemployment rates continue to fall in major economies.
Mega eventos esportivos, relatório VISAJeanine Pires
This document discusses using payment card data to analyze visitor spending at three mega sporting events: the 2010 FIFA World Cup in South Africa, the 2010 Vancouver Winter Olympics, and the 2008 Beijing Summer Olympics. It found spending increased substantially during each event compared to the previous year, indicating the events provided an economic boost through tourism. Specifically, spending increased 82% in South Africa during the World Cup, 93% in Vancouver during the Winter Games, and 15% in Beijing after the Summer Games. The document concludes international payment card data provides a valuable way to measure tourism impacts of mega events in real-time.
This document discusses several key contemporary issues in football, including multi-club ownership, referee supporting technology, racism, gender inequality, and corruption. It provides definitions and background information on each topic. For multi-club ownership, the document examines definitions, the impact of foreign and private investors, and challenges. It also discusses goal-line technology and video assistant referees in relation to referee supporting technology. Statistics and examples are provided for issues like racism, gender inequality, and corruption in football governance. Finally, recommendations are made around improving transparency and reducing corruption.
Arthur D. Little : Covid 19 impact on automotive industry update July 2020Fabrizio Arena
The document summarizes the impact of Covid-19 on the global automotive industry. It finds that global car sales are expected to drop 22% in 2020 compared to 2019, with key markets like Europe and the US seeing declines of 31.2% and 21.7% respectively. Global automotive production is also forecasted to decline 21.3% in 2020. The recovery of the industry will be long and gradual over the next 2-3 years as demand remains constrained. The biggest production drops are expected in the EU, US, and China.
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The economics of the world cup
1. Page 1
June 13th, 2018
THE ECONOMICS OF THE WORLD CUP
Suttle Economics Notes #41
• FIFA’s 21st
World Cup starts on Thursday in Russia; Brazil to win at soccer, but lose in GDP
• The ascent of FIFA revenues reflects the rise of the Asian consumer—especially China
• Hosting the Cup can be bad for a country’s GDP and FX health, especially if they win
• Looking ahead to 2022 and beyond: The World Cup and geopolitics
The 21st
FIFA World Cup—soccer’s quadrennial
national team world championship—starts tomorrow.
The tournament will be held in 12 stadiums across 11
cities in Russia, with the Final in Moscow on July 15th
.
In this note, I look at three sets of issues that link the
World Cup to global economics and financial
markets. The links are tenuous, but writing this note is
my best effort to ease my conscience about watching
so much of the tournament over the next month.
First, I review the global economic significance of this
major sporting event. Second, I assess the impact of
the tournament on the host economy and financial
markets. Third, I look ahead and consider how the
World Cup might interact with global geopolitics in
coming years: in the Middle East in the build-up to
2022; North American reunification in 2026; and
when (not if) the World Cup goes to China.
Oddsmakers imply that Brazil (22%), Germany (20%),
Spain (15%) or France (13%) are most likely winners
(Chart 1). As in the world of politics, Brexit may be
delayed, but not avoided: a quarter-final spot seems
fair-value for England’s prospects. The red-line could
be a penalty shoot-out: England have lost all three to
date, while Germany are 4-for-4. Home country bias
gives Russia hope of getting out of the group stage.
Home country bias does not hold for Brazil, which had
nightmare tournaments at home in 1950 and 2014.
The greatest show on earth
The World Cup can justifiably claim to be the major
regular global media event in a world where the
production and consumption of global media
services is becoming an increasingly important aspect
of the service economy. It is a month-long event,
comparable to the Summer Olympic games,
although the latter has far more competing countries
and individual events. Despite this, however, the
World Cup can claim to garner more consistent
attention simply because its key moments—especially
the Final—appeal to a wider global audience (Chart 2).
0
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BZ GE SP FR AR BE EN PR Rest
Chart 1
Implied odds of winning
percent, as of June 10th
0
200
400
600
800
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02/04 06/08 10/12 14/16
NFL Superbowl
(4yr avg)
FIFA Cup Final
Olympics opening
ceremony
Chart 2
Global TV viewership
million
2. Page 2
June 13th, 2018
The record global TV audience (estimated at least 1.5
billion) watched the opening ceremony of the Beijing
Olympics games in 2008, underlining the importance
of Asia (especially China) as a consuming zone. This
also explains why the 2002 World Cup Final in Japan
attracted such a large audience. The NFL’s Superbowl
(and the NFL) suffer from a lack of globalization.
The World Cup also benefits from the fact that it is an
emerging market (EM) as much a developed market
game. Since 1930, the World Cup has been held in
EM economies almost as much as in DM economies—
a difference from the Summer Olympics, which are
geared more to higher-income audiences (Chart 3).
Some of the revenue generated by each World Cup
competition comes from ticket sales. Interestingly,
World Cup attendances have not risen materially in
the past 20 years or so (Chart 4). Indeed, the peak
aggregate attendance was recorded at the 1994
tournament in the United States (3.6 million) even
though there were fewer games there than in the five
tournaments since. The average gate at the 1994
World Cup was almost 69,000 (the next highest—
Brazil in 2014—was about 53,000). Larger stadiums
and the prospect of more games in a 48-team
tournament help explain why FIFA today voted to
hold the 2026 World Cup back in the United States,
Canada and Mexico (which will now get to hold its
third tournament—go figure).
The first six World Cups were goal-fests, with an
average of 4.3 per game, or one every 21 minutes—
enough to keep even US fans engaged (Chart 5). Since
1962, however, the average has settled down to 2.6
per game (a goal every 35 minutes). Attempts on goal
have fallen consistently. This speaks to the growing
uniformity of ability across countries. England did not
compete in the pre-war tournaments on the premise
that we were the world’s best (it was our game after
all; the winner would just play us for true legitimacy).
On our first try (Brazil in 1950), we were defeated 1-0
by an amateur team from the United States.
FIFA revenue in context
While ticket sales are important, FIFA’s main source of
revenue (at least on the books) comes from the sale
of broadcast rights and other marketing deals. Unlike
attendances, these have risen sharply (in USD terms)
through the past 20 years. FIFA revenues are best
looked at in four-year cycles (culminating in World
Cup years). In the latest complete 4-year cycle (2011-
14) revenues totaled $5.1 billion, of which $2.5 billion
was accounted for by TV rights (especially valuable in
Asia) and $1.6 billion by marketing deals with
corporate partners (Chart 6). In 2015-18, this total is
expected to be $5.7 billion; and, in 2019-22, the total
is projected at $6.6 billion.
0
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4
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14
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World Cup Olympics
DM economies
EM economies
Chart 3
Locations by economy
number of events
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70
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Total attendance
Matches played
in tournament
Chart 4
World Cup attendances
million number of games
1.0
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4.0
4.5
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Chart 5
Goals scored per game
number per 90 minute game
3. Page 3
June 13th, 2018
In the current cycle, FIFA revenue in 2018 is projected
to be about $3.9 billion (i.e. it averaged just $600
million in the previous 3 years). $3.9 billion is about
0.0045% of global GDP, which helps put the scale of
the competition in its true economic context. FIFA
revenues have been growing far more rapidly than
global nominal GDP over recent years, however (Chart
7). The nominal aggregate revenue gain (in USD
terms) for the 2019-22 cycle (when the World Cup will
be held in Qatar during the Northern winter) is
projected to be slower than the gain in nominal GDP
(in USD terms) projected by the IMF for that four-year
period (FIFA should invoice in non-USD currencies).
Watch for weak June data from Brazil
While the impact of the tournament on the global
economy is thus a (small) rounding error for GDP,
there are ways it might matter for the global data flow
in coming months. In South and Central America, live
TV viewership will be high during the work day.
Assuming that Argentina and Brazil progress deep
into the tournament, this could have a negative effect
on production indicators. In the past 3 World Cups
(2006, 2010 and 2014), Brazilian IP fell by an average
of 0.9%m/m, sa, in June. This was a much worse
outcome than surrounding months: the average for
Apr-May was flat and Jul-Aug posted an average
0.7%m/m, sa rebound. This could add to concerns
about the health of Brazil as it approaches elections.
Impact on the host economy and markets
The most plausible economic impact of the
tournament is on the host economy—Russia. Events
such as the World Cup can boost growth for two
reasons. First, there is a construction boost (both
stadia and infrastructure) leading up to the event. The
Russia World Cup Organizing Committee reckoned
that outlays between 2013 and 2018 boosted GDP by
almost a cumulative 1% point (while that might not
seem a lot, Russia grew only 3% in all between 2013
and 2018). This growth boost disappears on the eve of
the event. Second, there is a short-term infusion of
tourism spending from foreign visitors, although the
magnitude of this effect can be limited if event visitors
scare off other potential visitors (this happened at the
London Olympics in 2012). While hordes of soccer
crowds are indeed apt to scare competing visitors off,
I’m not sure how many might otherwise have been
hurrying to Volgograd (formerly Stalingrad) in June.
Empirically, hosting a World Cup has been bad for a
country’s growth health (Chart 8). This is even more
true if the host country wins (unlikely in 2018).
Hosting a World Cup has been even worse for a
country’s financial markets (using the FX rate as a
proxy; Chart 9). Host countries have experienced FX
devaluations in the calendar year following the World
Cup in six of the nine competitions since 1982. This is
0.0
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1.0
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2.0
2.5
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3.5
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99-02 03-06 07-10 11-14 15-18 19-22
TV rights
Marketing deals
Chart 6
FIFA revenues
$ billion total over a 4yr cycle
1.2
1.3
1.4
1.5
1.6
1.7
1.8
99-02 03-06 07-10 11-14 15-18 19-22
Chart 7
FIFA revenues relative to global GDP
thousandths of 1 percent, 4yr cycles
Welcome to
Qatar
0.0
0.5
1.0
1.5
2.0
2.5
3.0
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4.0
T-1 T T+1
All tournaments since 1966
Home team wins (66, 74, 78, 98)
Chart 8
Growth performance of World Cup host
Median GDP growth, %y/y, T = year of tournament
4. Page 4
June 13th, 2018
much worse performance than in the year after a
Summer Olympic games. Three of the six
depreciations were in DM economies.
A pipeline model of winning the World Cup
There is a pipeline for the World Cup. Since 1977, FIFA
has held a U-20 World Cup; since 1985, it has held a
U-17 World Cup (both every two years). Last year,
England became the first country to win both
tournaments in the same year: watch out Qatar in
2022! Unfortunately, however, the statistical link
between winning competitions at the junior level and
senior level is weak (Chart 10). Nigeria and Ghana, for
example, have won eight junior World Cups between
them, but neither has yet progressed beyond the
quarter-final round at the senior level (which Ghana
reached in 2010). By contrast, Italy and Uruguay
combine to six senior World Cup titles, but none at
the junior level.
Geopolitics ahead
Looking ahead, there are three geopolitical issues that
could be important. First, Qatar 2022 is shaping up to
have major issues, given the current blockade (and
underlying animosity) between Qatar and the rest of
its Gulf neighbors (a Saudi-Iran match in Qatar would
be a doozy). Second, FIFA today awarded the 2026
World Cup to NAFTA just as US-Canadian-Mexican
political relations have plunged to a recent low.
Finally, and most interestingly, there is the issue of
when China enters the picture. After the US, China is
the main economic prize for FIFA. The 2030
(centenary) World Cup will most likely be held in
South America (jointly by Argentina and Uruguay—the
1930 hosts) or England. 2034 (or 2038) is thus shaping
up as the first year that China might host the Cup.
China might be competitive by then. It re-entered the
Olympic Games in 1984; 24 years later, it won most
gold medals at home (Chart 11). China’s very low FIFA
world ranking (which correlates inversely with their
Olympic performance) hit its most recent low in 2014;
the country could be at the other end of the spectrum
by the late 2030s. Once focused, China has scaled
most other global rankings in the past 40 years.
Philip Suttle
phil@suttleeconomics.com
202-378-6793
Important Information
While we make every effort to ensure that the analysis in this
note is as accurate as possible, we do not guarantee that the
information contained is either complete or correct. The material
has been provided for informational and educational purposes
only. The information is not intended to provide or constitute
investment, accounting, tax or legal advice.
-8
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Olympics World Cup
Year ahead
Year after
Chart 9
FX moves for host currency since 1982
median % ch versus USD (except US = DXY)
R² = 0.0549
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Chart 10
Senior and Junior World Cup wins
Senior cup wins
Junior cup wins
Brazil
Argentina
Nigeria
Germany
Italy
Ghana
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110
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Gold medals (LHS)
FIFA world ranking (RHS)
Chart 11
Chinese Olympic & soccer performance
number of medals ranking (higher is worse)