Wednesday, July 24, 2013

Royal Baby Boy: Economists Forecast £240 Million Economic Bump


As the royal baby coverage continues to take over the internet it sparks a boost in the British economy. Just as the media had covered the marriage of Kate Middleton, a commoner and Prince William they have gotten all the details of their royal child. In the result of the royal baby in the public eye, it has caused a rise in the economy of British. The announcement was made on Monday at 4:24pm to confirm the birth of the royal baby. Before this had occurred, there were attempts to fake the birth of the baby in order to keep the media away when the real birth was going on, but of course this failed.
“According to the Centre for Retail Research, the economy could stand to gain £240 million”. This is due to the bets made on the baby’s gender/name, buying of souvenirs, and other commemorative items. Of course this was not ever asked or necessary, but it does give the British economy a lift.
It may be because of the fact that it was a commoner that gave birth to the royal child that really led to people feeling compelled to buy part streamers and balloons and such. But throughout the process of the media capturing all of these moments before and after the child was born seems like an invasion of privacy. Overall it seems like a win win for the economy of Britain as well as the royal family who welcome a new member. 

2 comments:

  1. The royal baby has received much attention from the entire world and media, and I am honestly not surprised the baby has raised the economy. I heard about all the situations where people start betting for the royal baby. Your commentary is well structured and to the point, but you might want to also add the effects of the royal baby's birth and maybe connect it with how Britain's new royalty affects the family. Great job!

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  2. Hi Jasmine :)
    Interesting article! Although I would've have like to have seen you take a more opinionated stance, I guess it could be hard to have a side on this kind of topic. I say this because you mention that the news of the royal baby "seems like an invasion of privacy." It would be nice to see you go further with that comment.

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