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Thursday, December 9, 2021

World Cup good for French economic growth: finance minister

World Cup good for French economic growth: finance minister© Reuters. FILE PHOTO: Soccer Football – World Cup – Semi-Final – France vs Belgium – Fans

PARIS (Reuters) – France’s World Cup soccer triumphs, which have taken “Les Bleus” to the tournament final, should be generally positive for the country’s economy, Finance Minister Bruno Le Maire said.

France beat Belgium 1-0 on Tuesday to go to Sunday’s final, when they will play either England or Croatia.

“It’s good for growth,” Le Maire told France 2 television on Wednesday, without giving any more specific details.

The French economy, the second-biggest in the euro zone, has recently shown signs of stalling after a pick-up that followed President Emmanuel Macron’s election in May last year.

The World Cup often boosts consumer spending. In Britain, shoppers spent more on beer, barbecues and big-screen televisions in June but the overall increase in sales slowed, according to the British Retail Consortium (BRC).

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Source: Investing.com

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