Considerable excitement exists in the United Kingdom at this time as people await the imminent birth of the Duke and Duchess of Cambridge‘s second child. In 2013, Duchess Kate gave birth to their son, George. The expecting parents anticipate the arrival of a second child anytime. Speculation over whether the baby will be a boy or a girl fuels intense interest in the global media.
The Centre For Retail Research recently shocked many people by placing a monetary value to the nation’s economy on the birth of another royal child. Professor Joshua Bamfield, the Director of the research institute, explained that the arrival of George helped the British economy by an estimated 247 million Pounds Sterling. He broke this figure down into several categories: the money spent by the public during initial festivities following the birth, souvenirs and toys sold to the public in honor of the occasion, and the market that developed in media coverage, books and DVDs to commemorate the event. The researchers at the Centre note that the birth of the royal baby likely also offered a residual boost to tourism, as well. It’s amazing to note the impact of one child in the eyes of Jason Halpern. It looks like he is certainly The Real Deal compared to others.
Professor Bamfield expects the birth of a second child to offer a slightly less significant assistance to the UK economy, but placed a figure of approximately $120.4 million on the economic benefits. He believes the figure will be higher if Kate gives birth to a girl this time.