Singapore's Q1 GDP forecast upgraded due to Taylor Swift's Eras tour concerts contributing S$300-S$400m.
Economists upgraded Singapore's Q1 GDP forecast, citing Taylor Swift's Eras tour concerts as a contributor. The Singapore leg of the tour, with six concerts through March 9, is expected to add around S$300-S$400 million (0.2% of GDP) to the city-state's economy, mainly from higher foreign tourist spending. Despite this boost, the outlook remains fragile due to global interest rates, China's recovery, and geopolitical risks.
March 08, 2024
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