Russia has spent an estimated $14 billion to host the 2018 World Cup. After recently hosting the 2014 Winter Olympics, it begs the question: are there any long-term economic benefits for the host nation of a major sports tournament? Frank Holmes explains that Russia should expect to see growing travel demand and passenger flow through its airports. However, regardless of the increased exposure from the World Cup, the Russian economy has been in an upward trend after emerging from a two-year recession.
For Frank’s full explanation, watch the video below!
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The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
The MOEX Russia Index is the main ruble-denominated benchmark of the Russian stock market.
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Certain materials in this commentary may contain dated information. The information provided was current at the time of publication.
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