Olympics seen boosting France's GDP

PARIS — The Paris 2024 Olympics are expected to boost France's GDP in the third quarter by 0.3 percentage points, raising the growth rate during the period up to 0.5 percent, according to France's National Institute of Statistics and Economic Studies (INSEE).

Ticket sales and revenues from audiovisual broadcasting have a direct positive effect on French economic activities in the third quarter, contributing 0.25 percentage points, it said, while tourists, an uncertain factor of the "Olympic effect," will also contribute to the GDP growth in the period.