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The national soccer team's third consecutive exclusion from the World Cup, which begins in mid-June in the United States, Mexico, and Canada, has cost a significant amount of money. According to an OpenEconomics analysis, €222 million in unrealized domestic expenditure has been lost, attributed to consumption in pubs and restaurants, betting, FIFA rewards, and merchandising. Using the Social Accounting Matrix multiplier, which calculates the impacts of an expense or missed expense in a particular economy, the demand shock will result in a €321 million loss to GDP: wealth that is not produced in the form of final products and services. Italy hasn't competed in a World Cup since the 2014 tournament in Brazil. Their inability to qualify for the 2026 FIFA World Cup comes after they failed to qualify for Russia 2018 and Qatar 2022. The Azzurri's absence from the World Cup also has an influence on the societal fabric. The anticipated unrealized social benefits are €1.5 billion. The downsides include a loss of international visibility, tourist attraction, and the promotion of the country's greatness outside sports. Finally, a €375 million loss is related to sports participation, which tends to rise during important events and has a good impact on health and well-being.
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