Beyond a swift lift to Singapore’s Q1 economy, Taylor’s concerts can deliver long-term dividends

Taylor Swift has completed the Australian leg of her Eras Tour and has arrived in Singapore for the next leg. - AFP

SINGAPORE: It’s not often that a performer can move an entire economy, but that’s the case with American superstar Taylor Swift, who has kept economists busy crunching numbers on her economic impact in cities staging her concerts.

Some economists in Singapore had to rework data on the cost and benefit of her upcoming shows after Thai Prime Minister Srettha Thavisin said concert promoter AEG told him that Singapore had offered Swift subsidies of up to US$3 million (S$4 million) a show as part of an exclusive agreement.