Swift tour prompts economists to upgrade Singapore GDP forecast | British Chamber Of Commerce Singapore britcham.org.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from britcham.org.sg Daily Mail and Mail on Sunday newspapers.
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.
Taylor Swift's concerts prompts economists to upgrade Singapore's GDP forecasts theindependent.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.sg Daily Mail and Mail on Sunday newspapers.
WHILE the country s economic growth remained well above trend, analysts expect that this momentum is unlikely to last due to challenges posed by high inflation and interest rates, along with a sluggish recovery in external demand.
FACTORS such as inflation, interest rates and external demand will continue to weigh on economic growth, analysts said, which is expected to again fall below target this year.