Businesses lose out as World Cup frenzy takes over
29 June 2014, 11:04
Rio de Janeiro - Brazil's World Cup is in full swing and the world's biggest sporting event is becoming a great excuse to skip work and enjoy holidays decreed just for the event.
Yet, not everybody is pleased.
According to Fecomercio, a group representing Brazil's goods, services and tourism industries, those sectors stand to lose $13.5 billion.
That's both because of a decline in business during the Cup and because businesses have to pay double to any employees required to work on days decreed as holidays because of soccer matches.
But for saleswoman Catia Santiago, who was catching some sunshine on a Rio de Janeiro beach Monday, the economic losses are made up in lifestyle gains.
She says she'll "take a hit financially" but "will have had 200 percent more fun than usual."
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