Swift Tour Prompts Economists to Upgrade Singapore GDP Forecast

Economists upgraded their first-quarter growth forecasts for Singapore, with some attributing the gains in part to Taylor Swift’s Eras tour.

Gross domestic product will probably expand 2.9% in the three months ending March 31, the quickest pace in six quarters, according to the median estimate in a Bloomberg survey. Economists also raised their annual growth expectation to 2.5% from 2.3% seen previously — toward the upper end of the government’s 1%-3% forecast for 2024.