Forget the hype, Britain’s royal baby will only have a small economic impact
Having a baby is always an irrational decision. The cost-benefit analysis never makes sense. But when it comes to Britain’s royal baby, the economic scorecard has been front and center and companies are trying to cash in.
It’s been estimated the new baby boy will bring a $400 million boost to the British economy through increased tourism, sales of souvenirs, celebratory spending, and a lift to public confidence. Those are the benefits, but what about the costs?
The BBC’s Andrew Walker joins Marketplace Morning Report host David Brancaccio to discuss.
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
