There are seven years left for the completion of the World Cup 2030; What’s more, a headquarters has not yet been designated; however, the joint candidacy presented this Tuesday, February 7 between Argentina, Uruguay, Chile and Paraguay It draws attention to the complex economic moment that these countries and the region in general are going through.
To organize and carry out a competition of this magnitude, millions, billions of dollars are needed, like the 200 thousand that he spent Qatar to hold the tournament in the winter of 2022; or the 11 billion that he invested Brazil in 2014, and that at the time was the largest expense made to carry out a World Cup. The ravages of that are still suffered.
After almost three years of pandemic, South America It has not been able to recover and, as in most of the world, inflation wreaks havoc on the economies of the 10 nations that make it up: Argentina registered the second highest level in 2022, located at 95%, only behind the Venezuela of Nicolas Maduro. Chile it was in fourth place, with 12.8%; Uruguay sixth with 8.2% and Paraguay in the seventh with 8.1%.
What is inflation?
Inflation is a phenomenon in the economy, related to an imbalance between supply and demand, this produces an increase in the prices of basic goods and services, also causing the loss of value of the currency (purchasing power).
Since 2020, inflation has caused the prices of food, clothing, transportation, and accommodation services to rise by Chile, Uruguay and Argentina; This nation, according to the candidacy plan, would be the venue for the opening match, as well as the one that would offer the most stadiums, and of course would have more games.
Economic projection towards 2030
The economic projections are not good for the region in the long term, since according to a study by the Economic Commission for Latin America and the Caribbean (ECLAC)the economic ravages of the covid-19 pandemic (which began in the region in the first months of 2020) could continue to be reflected until 2030, if local governments do not take measures such as the “Diversification of their economic structure, the reinforcement of policies to combat poverty, inequality and the culture of privilege and productive and commercial integration”.
