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  • Small Quake Near Belfair

    earthqakebelfairA magnitude 3.5 earthquake shook the Belfair area shortly after 4:00 a.m. Monday. Dispatchers said there are no reports of damage so far but people in Bremerton reported feeling the quake on the U.S. Geological Survey website. People also took to… Read More +

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  • $50 Million: Cost of WA Wildfires

    helicoptercarlsonThe cost of fighting this season's wildfires in Washington, including the largest one in the state's history, has crossed the $50 million mark. Bolstered by the nearly 400-square-mile wildfire in north-central Washington, this year's wildfire season has been widespread, with dozens… Read More +

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  • Lynch's Absence Means Opportunities In Seattle

    seahawks blueThe absence of Marshawn Lynch from Seattle Seahawks training camp means opportunity for Robert Turbin and Christine Michael. Turbin and Michael were already going to get the bulk of the work during the preseason with Lynch being prepped for the grind of the regular season. But with Lynch holding out, Turbin and Michael are getting a greater opportunity to show they can handle the load.

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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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