Taylor Swift Tour prompts economists to upgrade Singapore GDP forecast

Fans of US singer Taylor Swift, also known as Swifties, line up to buy merchandise before the pop star's Eras Tour concert at the National Stadium in Singapore on March 7, 2024. - AFP

SINGAPORE (Bloomberg): Economists upgraded the first-quarter growth forecast for Singapore’s economy, with some attributing the gains in part to Taylor Swift’s Eras tour concerts.

Gross domestic product probably expanded 2.9% in the three months ending March 31, the quickest pace in six quarters, according to the median estimate in a Bloomberg survey.