Approaching the end of Q2 2024, the economy and stock market are holding steady and surprisingly strong. Most economists through Q1 and Q2 2023 forecasted a surefire recession for the U.S. economy, however, this looming threat was eliminated by the AI-fueled stock market rally taking charge in late 2023. The U.S. economy carried this strong financial finish through Q1 and Q2 of 2024. The Dow, S&P 500, and Nasdaq are up double-digit points YTD and talks of a recession have been stopped amid slowing inflation and continued bullish investing.
A Look Into the Economic Impact of Hosting the World Cup
The FIFA World Cup is the infamous international soccer championship event that is far and away the most-watched sports broadcast when it comes around on its 4-year cycle. The winning international soccer team receives one of the most sought-after trophies in the sports world, creating roaring waves of nationality and competitive pride for all participating countries and their fans. Additionally, upwards of $400 million in total prize money is up for grabs for the competing teams. 2022 FIFA World Cup champion Argentina received $42 million in prize money on top of the trophy, and this figure has been increasing every tournament.