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Brazil will win World Cup: Danish Bank report

09 June 2010 04:09 (UTC +04:00)

Baku-APA. Brazil will beat Germany in the World Cup final, according to a regression model conducted by Danske Bank A/S analysts, APA reports quoting news.xinhuanet.com website.

The analysts from Danske bank predict that the final will be played on July 11 in Johannesburg between Germany and Brazil. They also predict that Brazil will beat Holland at quarterfinals and against England in the semifinals, while Germany will end up in the finals after knocking out Argentina in the quarterfinals and beating Italy in the semifinals.

However, the "economically and financially ailing" Portugal, Spain, Italy and Greece "will not find much to cheer on the football field either."

The model also predicts gloomy future for Denmark in 2010 world cup. According to the estimation result, Denmark will probably leave South Africa after the group stage together with Japan, with the Netherlands and Cameroon advancing from Group E.

The estimation is based on data from all the matches played at the previous four World Cup tournaments. And the following six factors, income level, population size, football history and tradition, current form of national team, presence of "superstars", and home field advantage, are the determinations of the winner of a football match in this football prediction model.

Danske bank also predicts the effects from the World Cup on South African economy in the near term.

Even though the analysts are optimistic that the current recovery in the South African economy will continue, they expect the World Cup to have a relatively small impact on the South African economy. They estimate South African GDP to grow by 2.5% in 2010 and 3.5% in 2011.