Goldman Sachs: Ukraine - Top Emerging Market at London Olympics
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Goldman Sachs: Ukraine - Top Emerging Market at London Olympics

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Goldman Sachs: Ukraine - Top Emerging Market at London Olympics PR Newswire KYIV, Ukraine, July 17, 2012 KYIV, Ukraine, July 17, 2012 /PRNewswire/ -- Ukraine will be the only emerging market in the top ten best performing countries at the upcoming 2012 Summer

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Goldman Sachs: Ukraine - Top Emerging Market at London Olympics
PR Newswire KYIV, Ukraine, July 17, 2012
KYIV, Ukraine,July 17, 2012/PRNewswire/ --Ukrainewill be the only emerging market in the top ten best performing countries at the upcoming 2012 Summer Olympics in London, according to the study compiled by American bankGoldman Sachs. The authors of the researchThe Olympics and Economics 2012expect Ukrainian athletes to win 9 gold medals (and 27 total) at the high profile sports event. Explaining the methodic used to produceThe Olympics and Economics 2012, the author states: "Ultimately, it appears that gold does go where growth and the overall growth environment are best." The report quotes Tim Hollingsworth, the Chief Executive of the British Paralympic Association: "When you create a world class environment you are far more likely to create world class athletes." The indicator used byGoldman Sachsexperts to assess the probability of a country winning a certain amount of medals was the Growth Environment Score. The analysts used income, as well as political conditions, macroeconomic stability, macroeconomic conditions, human capital, technology and the microeconomic environment as reference points. Ukrainetook the tenth position in theGoldman Sachsrating with other countries in the top ten being theUSA,China, the UK,Russia,Australia,France, Germany,South Korea, andItaly. In 2008 Summer Olympics in Beijing Ukraine th scored 11position on the medal table. Ukrainian athletes won 7 gold medals, 5 silver, and 15 bronze then. Interestingly, the authors ofThe Olympics and Economics 2012singled out the sports, most affected by the economic variables. They are cycling, judo, rowing, and swimming. Though Ukrainian judoka Roman Gontiuk and cycler Lesya Kalitovska did win bronze inBeijing,Ukrainewon gold in shooting, archery, fencing, athletics, canoeing, and boxing. The Games of the XXX Olympiad will host more than 10,000 athletes representing 204 nations. Ukrainian 2012 Olympic team features 245 athletes. The 2008 Olympic champions Artur Ayvazyan (shooting), Natalya Dobrynska (athletics), Olga Harlan (fencing), Vasyl Lomachenko (boxing), Inna Osypenko-Radomska (canoeing), and Viktor Ruban (archery) will perform inLondon. Ukrainedoesn't just aim to rank high in the competition, the country plans to place 2022 Winter Olympics hosting bid in 2014, according to Ukrainian Infrastructure Minister Borys Kolesnikov. The full text of theGoldman Sachsreport can be found here http://www.goldmansachs.com/our-thinking/topics/global-economic-outlook/olympics-and-economics-.pdf