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  • Yelm Resident Is Boatswain On USS Zumwalt

    FosterA 1997 Yelm High School graduate and Yelm, Wash. native is serving aboard one of the U.S. Navy’s newest and most advanced ships, the destroyer Zumwalt (DDG 1000), which is currently under construction at Bath Iron Works in Bath, Maine. Chief… Read More +

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  • 1 Killed In Collision With Patrol Car Near Ephrata

    DEPUTY-TRUCKThe Washington State Patrol is investigating a vehicle collision that killed a 22-year-old woman and injured a Grant County sheriff's deputy. The crash involving the two drivers happened Saturday morning about 8 miles south of Ephrata, Washington. The patrol says 22-year-old… Read More +

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  • Marisnick's Homer Leads Astros Over Seattle 8-3

    marinersbaseballSeattle's playoff hopes took another hit, as Jake Marisnick had a three-run homer for the second straight game and Alex Presley drove in two runs to lead the Houston Astros to an 8-3 win over the Mariners on Sunday. Houston took two of three from the Mariners, who entered the day 1/2 game back for the second AL wild card.

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The Difference Between Royal Wedding and Royal Baby on UK Economy

b_250_0_16777215_00_images_obgrabber_2013-07_d8b8ea0c93.jpgTODD ANDERSEN/AFP/GettyImages(LONDON) -- Despite the hype over the royal baby news, there will be no closure of British businesses and financial markets. Any economic impact from the royal birth should be positive, said Howard Archer, chief European and U.K. economist with IHS Global Insight. The Queen’s Diamond Jubilee celebrations in 2012 and the royal wedding in 2011, by contrast, both meant an extra public holiday.

“A major difference is that there was an extra day’s public holiday with the royal wedding, which did have a negative impact on the economy through hitting activity,” said Archer. “However, there were more street parties and pageantry involved with the royal wedding. The street parties may have had more of an impact in lifting sales of food and drink, while the greater pageantry may have had a small impact in lifting tourism.”

It doesn’t hurt that some economists have predicted a $400 million boost in economic activity as a result of the royal baby, in part because of a boost in consumer confidence due to a “feel good factor."

On previous royal-related holidays, economic output, services activity and retail sales took a hit. While some of this lost economic activity was subsequently made up, there was “undoubtedly a significant overall loss,” said Archer.

However, with the more private celebrations around the royal baby, there may not be the same beneficial impact from tourism that came with the pageantry and celebratory public events surrounding the other royal events, Archer said. Nevertheless, in the last day or so, the international media attention surrounding the royal baby is arguably one large publicity campaign for the United Kingdom.

Copyright 2013 ABC News Radio

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