Munich - the location of the referred subject. - The upcoming European Football Championship is not expected to significantly affect the economy, according to Ifo.
Following the European Championship, experts like Ifo Researcher Gerome Wolf believe that service exports may drop once more and potentially maintain this level. Service exports involve domestic residents offering services to international visitors. This encompasses lodging and expenditures of foreign spectators in Germany.
Commenting on the potential economic impact, Timo Wollmershaeuser, Ifo's leader of economic forecasts, remarked, "From a financial point of view, the influence of such happenings is relatively minor, except for tourism. The World Championship in 2006 suggests this."
