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Goldman Sachs lowers Argentina 2026 GDP growth forecast to 2.7% citing election risks
BAE Negocios·AR·1 day ago
Moody's analysis indicates that Mexico's hosting of 13 World Cup matches will contribute significantly less to national GDP than official government projections. The discrepancy highlights the recurring trend of overestimating the immediate macroeconomic benefits of hosting large-scale sporting events.
Mexico's hosting of the 2026 FIFA World Cup has demonstrably underperformed official economic projections. Moody's revised GDP impact to 0.13%, significantly below government estimates, and the employed population declined by 320,000 in June, indicating a failure to stimulate the labor market as anticipated. This confirms a recurring trend of overestimating the immediate macroeconomic benefits of large-scale sporting events.