Brazil Loses Big at World Cup- And Not Just on the Field
Fox News Latino
While lawmakers and the public in Brazil hoped that the World Cup would boost its economy, analysts say that the event will not be a moneymaker.
“There will be a short-term input from the huge increase in tourism and related consumer spending,” Cynthia Arnson, the Latin American director at the Woodrow Wilson International Center for Scholars in Washington, D.C., told Fox News Latino. “Once the Cup is over, however, the long-term structural problems will remain,” predicts Cynthia Arnson.
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