As a part of the Singapore leg of the Eras Tour, the singer will play six live shows until March 9. According to DBS Bank Ltd. economist Han Teng Chua, it will bring advantages to Singapore by way of hospitality, dining and retail.
Malaysia denies it has did not secure a performance for Taylor Swift despite talks in 2022
Malaysia denies it has did not secure a performance for Taylor Swift despite talks in 2022
“This would be supported mainly by higher overseas tourism spending due to the large number of foreign fans attending concerts in Singapore,” said Chua, who estimated the performances would herald about S$300 million to S$400 million, or 0.2 percentage points of GDP . for town’s economy in the primary quarter.
Still, the outlook for the trade-dependent economy stays uncertain amid tighter global rates of interest, an uneven economic recovery in China and protracted geopolitical risks.
“We expect renewed weakness in the first half as slower global growth reduces activity in Singapore’s export-led economy,” said Shivaan Tandon, an economist at Capital Economics.
“However, economic growth should accelerate in a more sustainable manner from the second half of the year.”
