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Article: German business World Cup dream faded long ago
- Article from:
- The Hindustan Times
- Article date:
- July 6, 2006
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Berlin, July 6 -- Germany's dream of reaching the World Cup finals might have been shattered Tuesday - but for the country's business, the hopes of a major windfall had already vanished.
Business and consumer confidence might have soared as the championships got under way, with two million tourists - double the number expected - for the month-long championships, the world's biggest sporting event this year.
And Germany's reaching the semifinals might have allowed the country to reclaim its title as a world football superpower.
But economists have dramatically scaled back overblown growth expectations from the event.
"Unfortunately, we don't expect the World Cup to lead to an economic ...