JamesCas 10 Major Sports Events Leavening Host Countries Suffering?
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Are major sports events leaving host countries suffering? A recent review of 54 studies reveals mixed results. Many of the events are publically funded, and many host countries have been left struggling financially and socially. The 2012 Olympics in London, for example, caused the housing market to fall by 10%, and the World Cup in Brazil slowed down the economy through factory closures. However, most observers believe that a successful World Cup can benefit a city more than the host country does.