Analysts estimated the shows would add 0.2 percentage points of GDP to the city state’s economy in the first quarter.
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 per cent in the three months ending March 31, the quickest pace in six quarters, according to the median estimate in a Bloomberg survey.
They also raised the annual growth expectation to 2.5 per cent from 2.3 per cent seen previously – towards the upper end of the government’s 1 per cent-3 per cent forecast for 2024.
