Games not cure-all for Brazil
The Rio Olympics is expected to help boost the Brazilian economy at a time when Brazil is suffering an economic slump as a result of low commodity prices, exacerbated inflation and capital flight since 2014.
Since the 1984 Los Angeles Olympics, host countries have economically benefited from organizing the world's largest sporting event, the only exception being Greece with the Athens Olympics in 2004.
The huge economic effects produced by the participation of a record 13,000 athletes and 500,000 visitors, along with the long service chain needed for the games, are expected to be enough to cover all the money Brazil has spent on hosting the games.
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