The Financial Impacts of the Olympic Games

The Financial Impact of the Olympic Games - at www.moneyweek.com - the best of the international financial media

There are plenty of reasons for UK citizens to celebrate London's successful bid for the 2012 Olympic Games but don't overestimate the economic impact, says F&C Asset Management. However, despite the relatively modest economic stimulus of hosting the games, fund managers have identified a number of stocks which could be significant beneficiaries of London's coup at yesterday's International Olympic Committee meeting in Singapore.

'As a sports fan I'm over the moon, as an economist I'm un-phased,' commented Steven Andrew, chief economist, F&C. 'There is a large body of academic research analysing the economic impact of hosting major sporting events such as the football World Cup and the Olympic Games. The consistent finding of this research is that the impact of hosting such events is likely to be very small.

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