World Cup defeat is bad news for the economy

The video discusses the economic impact of England's early exit from the World Cup, highlighting the disappointment among businesses that had anticipated a boost in consumer spending. It details the financial losses faced by retailers due to unsold football merchandise and the shift in focus to selling remaining stock at discounted prices. Despite the setback, retailers find some consolation in the potential for increased sales due to favorable summer weather.

What was the general mood among businesses after England's early exit from the World Cup?

• Excited and enthusiastic

• Indifferent and neutral

• Dejected and disappointed

• Optimistic and hopeful

How much was each goal beyond the group round estimated to be worth in extra consumer spending?

• £300 million

• £200 million

• £126 million

• £50 million

What was the potential total consumer spending if England had won the World Cup?

• £1.5 billion

• £4 billion

• £2.3 billion

• £3 billion

What factor could potentially be more lucrative for retailers than England winning the World Cup?

• A new product launch

• A government subsidy

• The summer sun holding

• A celebrity endorsement

What is the current strategy of retailers regarding unsold World Cup merchandise?

• Storing it for future events

• Selling it at premium prices

• Shifting it at bargain basement prices

• Donating it to charity