Economic Report: Could NCAA Tournament Tip Economy Into Recession? - 03/20/08

Submitted by Doug Cunningham on March 19, 2008 - 3:59pm
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Economic Report:

Could the NCAA Tournament be the final push needed to send the US economy into a recession? U.S. businesses lost an estimated $1.2 billion in worker productivity during last year’s NCAA tournament. 2006 was the first year that most games were broadcasted for free on the Internet, so now, in 2008, with streaming internet much more prevalent in offices across America. The estimate for lost productivity for this year is $1.7 billion. Bosses prepare, productivity will drop with the first tip off at noon eastern in Dayton today.