Royal Baby Worth $372.6 Million

#Money

Wed, Jul 24th, 2013 20:00 by capnasty NEWS

According to the Christian Science Monitor, the Royal Baby could give a brief, sizable economic boost to the United Kingdom.

“The impact on the UK economy is likely to be limited — albeit overwhelmingly positive,” Howard Archer, chief UK economist for IHS Global Insight, wrote in an e-mailed statement. “At the margin, the royal birth may provide the economy with a temporary, small positive boost at a time when it seems to be increasingly moving in the right direction.”

Most of the bump will come from the retail sector, with British gift shops hawking everything from key chains to onesies to special edition tea to mark the occasion. But Mr. Archer notes that other areas have seen big gains as well. Coral, a leading betting website in the United Kingdom, told Australian newspaper The Australian that the royal baby was the biggest non-sporting betting event in the company's history.

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