Italy's consecutive exclusion from the World Cup has far-reaching economic consequences, resulting in a demand shock of 222 million euros and an overall GDP loss estimated at 321 million euros, alongside the loss of approximately 3,679 jobs and significant declines in family incomes and tax revenues, while also diminishing the attractiveness and reputation of Italian football on a global scale, with unquantified social benefits totaling around 1.5 billion euros. #Economics #SportsImpact #ConsumerBehavior #IT #US #MX #CA