With the Paris Olympic and Paralympic Games now concluded, France is left with a bill exceeding €8 billion for hosting the world’s biggest sporting event. The question remains: will the Games stimulate the French economy, or will the expenses outweigh the potential gains?
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00:00Now that the Paris Olympic and Paralympic Games are over, France is facing a bill of
00:05more than 8 billion euros for hosting the largest sporting event in the world. If the
00:10final cost stays that way, Paris will host the cheapest summer games in decades. The
00:16previous edition in Tokyo in 2020 cost more than 12 billion euros. And that's because
00:22the French capital relied almost entirely on existing venues instead of building new
00:28ones. But how much will the games bring to the country's economy? Although it's still
00:33too early to give a precise number, according to ChooseParisRegion, the capital's economic
00:39and tourism development agency, the initial data is already encouraging.
00:43According to the Centre for Law and Economy of Sport, the event could produce between
01:136.7 billion to 11.1 billion euros in financial benefits for the Paris region. But the exact
01:20numbers will only be published in a few months. These benefits could also produce ripple effects
01:56On Tuesday, the Bank of France confirmed its forecast for the third quarter, with
02:06growth in economic activity estimated at around 0.4%, in part thanks to the Paris Olympics.