World Cup Boosts Brazil Economy, but What Comes Next?

The 2014 FIFA World Cup is adding 30 billion reais ($13.4 billion) to the Brazilian economy, according to a government-commissioned study by FIPE, the University of Sao Paulo's economic research institute.

updated: June 27, 2014 15:21 IST
  • Total Shares
Brazil economy
Hosting the World Cup has reportedly created one million jobs in Brazil -- the world's seventh largest economy, with a GDP of $2.4 trillion in 2013.

© AP

Rio de Janerio: With a goofy sales pitch, piercing vuvuzela solos and giant green and yellow hat, Brazilian entrepreneur Josimar Barbosa was wooing customers and raking in a World Cup windfall.

"You too can be this sexy while you root for Brazil! Get your hats, vuvuzelas, flags!" he called to the crowd checking out the football merchandise displayed outside his store on a busy street in central Rio de Janeiro.

Wheeling and dealing, the charismatic 27-year-old closed one sale after another.

Show Full Article
  • Football
  • FIFA World Cup 2014
  • Brazil