• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Game against South Korea to cost German economy up to €200 million

6th October 2018

Game against South Korea to cost German economy up to €200 million Pin It

Excitement is in the air for football fans nationwide in the run up to the national team’s World Cup game against South Korea on Wednesday. But from an economic point of view, the match will be expensive for the country.

The reason the match could hit the economy so hard is that it kicks off before usual working hours come to an end – at 4pm.

Accordingly, the decisive football game which Die Mannschaft may need to win in order to reach the final 16 in the tournament is estimated to cost the German economy between €130 and €200 million.

Around 30 percent of employees are still working around 4pm, said economists at the Institut der deutschen Wirtschaft (IW) according to German press group Funke Mediengruppe.

If one in two of these employees watches the game and on average one labour hour without subsequent work is lost, the economy will incur costs of up to €200 million, IW economists said.

There is a flipside, though. If colleagues watch the match together in the workplace, this could also strengthen cohesion among them and thus have a positive effect on productivity.

“It’s not always about money, but also about team-building – and there’s certainly nothing better than watching an exciting football match together with your colleagues,” said IW labour market expert Christoph Schröder.

“Let’s just hope the German team wins,” he added.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Normandy chief warns of…

In Domestic Affairs

Normandy chief warns of Brexit impact on ports

View Post

Next Post

Housing sought for workers building…

In IT, Innovation and Startups

Housing sought for workers building 'Tesla rival' in northern Sweden

View Post

In Money Matters

EasyJet wants to make COVID-19 test for the crew mandatory

View Post

Boris Johnson

In Domestic Affairs

Boris Johnson comes with the long roadmap from the lockdown

View Post

In Money Matters

Moody’s expects lower bounceback for Eurozone and Britain

View Post

In Money Matters

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

View Post

Newsletter

Latest News

View

Alex Salmond causes unrest in troubled Scottish government

27th February 2021

View

Flat opening on Friday US markets

27th February 2021

View

IAG advocates the digital ‘testing and vaccination passports’ for passengers

26th February 2021

View

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

25th February 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]