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    I certainly hope so, but there is a question mark over the net benefit.

    London is very quiet, much more so than usual. It seems commuters are staying at home, perhaps working or maybe watching the games on TV.

    Also retailers and tourist attractions are reporting lower footfalls than usual.

    According to the FT the 100,000 Olympic visitors are fewer than the 300,000 normally in London. The Association of Leading Visitor Attractions are saying there is a fall of 35 per cent in tourists.

    This does not bode well for this quarter's GDP added to the Eurozone effect.

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