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Brazil’s economy slips into recession in World Cup year
POSTED 04 Sep 2014 . BY Tom Walker
Architect AECOM won the bid to oversee the master planning of the Olympic site Credit: An artist's impression of the Rio Olympic Park
This year’s FIFA World Cup has not had the desired effect on host nation Brazil’s fortunes on or off the pitch.

Not only was the national team humiliated 1-7 in the semi-final by eventual winners Germany, but the country’s economy has failed to benefit from the influx of hundreds of thousands of football tourists and has slipped into recession.

Brazil’s GDP fell by 0.6 per cent in the three months to June, worse than analysts had predicted. The dip follows on from a 0.2 decline in the previous quarter.

The news comes just two years before the country will host the 2016 Olympic Games and provides further fuel to the political movement that has criticised the amount of money spent on bidding and hosting the competitions.

The economic woes might work in favour of the 2016 organisers, however, as the slowdown could result in the lowering of cost in construction materials needed to complete the infrastructure for the Games.

The well-documented delays in building works have already led to the International Olympic Committee appointing an international team based in Rio to help the local organising committee finish the work on the Olympic venues.
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Jobs    News   Products   Magazine
NEWS
Brazil’s economy slips into recession in World Cup year
POSTED 04 Sep 2014 . BY Tom Walker
Architect AECOM won the bid to oversee the master planning of the Olympic site Credit: An artist's impression of the Rio Olympic Park
This year’s FIFA World Cup has not had the desired effect on host nation Brazil’s fortunes on or off the pitch.

Not only was the national team humiliated 1-7 in the semi-final by eventual winners Germany, but the country’s economy has failed to benefit from the influx of hundreds of thousands of football tourists and has slipped into recession.

Brazil’s GDP fell by 0.6 per cent in the three months to June, worse than analysts had predicted. The dip follows on from a 0.2 decline in the previous quarter.

The news comes just two years before the country will host the 2016 Olympic Games and provides further fuel to the political movement that has criticised the amount of money spent on bidding and hosting the competitions.

The economic woes might work in favour of the 2016 organisers, however, as the slowdown could result in the lowering of cost in construction materials needed to complete the infrastructure for the Games.

The well-documented delays in building works have already led to the International Olympic Committee appointing an international team based in Rio to help the local organising committee finish the work on the Olympic venues.
RELATED STORIES
Sepp Blatter says Fifa will trial TV referral technology and announces intention to run for fifth term as president


Sepp Blatter has said a football TV referral system may be trialled in 2015, allowing coaches to challenge a referee’s decision for the first time ever.
MORE NEWS
Les Mills calls on the industry to support UNICEF
Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF.
HUM2N opens longevity clinic at Six Senses London
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider, HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
Researchers identify a drug which reduces muscle loss when using GLP-1 medications
Researchers in the US have identified an antibody which could greatly reduce the loss of lean muscle mass in people who are taking weight-loss medications.
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Elevate is set to celebrate its 10th anniversary in style this June, with organisers confirming the event’s largest-ever drinks reception as registrations continue to run more than 10% ahead of last year. [more...]
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COMPANY PROFILES
Precor

Precor promises precision-quality products with steadfast reliability that are inspired by exerciser [more...]
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CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

13-13 Jun 2026

Global Wellness Day

Worldwide, Various,
15-18 Jun 2026

HLTH Europe

RAI Convention Centre, Amsterdam, Netherlands
+ More diary  
 


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