How will the World Cup affect the Russian economy?

31 May 2018, 18:46 | Economy
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It will be only temporary. This conclusion was reached by experts of the international rating agency Moody's.

According to them, the impact of infrastructure costs in cities that host the matches of the football championship is already noticeable. "A significant part of the economic impact is already felt at the expense of infrastructure costs, but even in this part the effect is limited.

Investments in the championship in 2013-2017 amounted to only one percent of their total, "- said in a review, the text of which leads Reuters. Meanwhile, analysts noted that the mundial was allotted "only a month". In this period of time, retailers, hotels and transport companies will be in positive territory, their revenue will jump. "But the effect will be one-time, which will not lead to significant changes in business indicators and credit profiles of companies," Moody's.

Even after the championship earn on it will not stop the airports, but again not for long. By the way, the World Cup will not play a big role in the banking sector.

"Relevant economic incentives are dwindling against the backdrop of the Russian economy, which is estimated at $ 1.3 trillion," said Christine Lindow, senior vice president of the agency.. According to the analyst and her colleagues, at the upcoming world championships, Russia will not earn much. However, the cities in which the games will take place, the mundial on hand.

He "repaired" the roads, "built" stadiums and hotels. Improved transport and communal infrastructure will provide "additional tax revenue" and reduce "future capital costs". The most profitable championship was for Mordovia and Kaliningrad. But St. Petersburg and Samara forced spending forced into debt.

Before the tournament there are two weeks left. It starts on June 14 and will last until July 15. The World Cup will be held for the first time in the fields of eleven Russian cities.




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