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Rio 2016: Economic Impact

By Bruno De Nicola, Contributing Reporter

RIO DE JANEIRO - The election of Rio de Janeiro as host city for the 2016 Olympic Games is expected to cause a sharp increase in foreign investment in the country. An Olympic Games Committee survey carried out by Credit Suisse estimates a R$30 Billion financial input over the next seven years. The Brazilian Ministry of Sport however, foresees an overall fund injection of around R$90 Billion, taking into account indirect investments and their long-term effects.

After September 1997, when Sydney was announced as host for the 2000 Olympic Games, the construction . . .

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