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World Cup triggers several billion-dollar loss in productivity
Published on June 28, 2014 Email To Friend    Print Version

By Johanna D. Mena

MIAMI, USA (HCNN) -- The FIFA World Cup, now unfolding in Brazil, will cause a several-billion dollar loss in productivity to the world economy due to functionaries and workers busy watching World Cup games during office hours around the globe, experts say.

Some figures show that an estimated $1.6 billion loss in productivity will be registered in the US economy alone as a result of the World Cup, which has created a huge buzz among fans of Team USA, the US soccer team taking part in the tournament, particularly after their stunning victory over Ghana in their first match.

The number of people arriving late at work or calling in sick for work has significantly increased, while many others fall asleep in their workplace because they had to stay up late to watch the games in different time zones, such as Europe and Asia.

"I called in sick because as a patriot I want to watch Team USA and support my country with my friends," said Malia Jackson, a 25-year-old supermarket cashier, in the Miami-Dade area.

Others find a way to watch the games in their workplace but their lack of concentration on the job and their distraction also negatively affect worker and business productivity.

Even though the World Cup will cause a significant loss in productivity, it will have also helped boost some economies and has already created jobs and opportunities for many.

The tournament is organized every four years by the Federation Internationale de Football Association (FIFA), the world governing body, which has more than 200 hundred member countries. However, only 32 countries qualified for the final phase of the World Cup.
 
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