Rugby World Cup provides $573 mln fillip to NZ economy, report shows

Tue, 18 Dec 2012

Dec. 18 (BusinessDesk) - Sports Minister Murray McCully has labelled last year's Rugby World Cup a success after independent research found it added $573 million to an otherwise tepid economy. The sporting event added 0.34 percent to New Zealand's gross domestic product over the medium-term, or $573 million in 2007 dollar terms, and added some 7,840 part and full-time jobs, based on Market Economics modelling that considered the impact of spending leading up to the event. The medium term impacts are "reasonably significant" and alongside l...

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