2024 Olympics Economic Outlook
The 2024 Summer Olympics, officially known as the Games of the XXXIII Olympiad, are scheduled to be held in Paris, France, from July 26 to August 11, 2024. The event is expected to have a significant economic impact on the host city and the surrounding region.
Economic Impact
According to a study by the French Ministry of Economy and Finance, the 2024 Olympics are expected to generate €10.7 billion in economic activity, including:
- €6.2 billion in direct spending, such as infrastructure construction, event operations, and tourism
- €4.5 billion in indirect spending, such as increased consumer spending and business investment
The study also estimates that the Olympics will create 150,000 jobs, including:
- 50,000 direct jobs, such as construction workers, event staff, and security personnel
- 100,000 indirect jobs, such as those in tourism, retail, and transportation
Infrastructure
The Olympics will require significant infrastructure investment, including:
- The construction of new sports facilities, such as the Olympic Stadium and the Aquatic Centre
- The renovation and expansion of existing infrastructure, such as transport networks and accommodation
- The development of new public spaces and green areas
Tourism
The Olympics are expected to attract a large number of tourists to Paris and the surrounding region. The study by the Ministry of Economy and Finance estimates that the event will generate €2.5 billion in tourism revenue.
Legacy
The Olympics will leave a lasting legacy for Paris and the surrounding region. The new sports facilities and public spaces will be used by local communities for years to come. The event will also help to promote Paris as a global tourist destination.
Conclusion
The 2024 Olympics are expected to have a significant economic impact on Paris and the surrounding region. The event is expected to generate billions of euros in economic activity and create thousands of jobs. The Olympics will also leave a lasting legacy for the city, including new sports facilities, public spaces, and green areas.
Veille JO 2024 : enjeux économiques
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