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Fortune
Fortune
Lionel Lim

Taylor Swift and Coldplay concerts may have saved Singapore’s economy from shrinking last quarter

(Credit: Ashok Kumar—TAS24/Getty Images for TAS Rights Management)

‘Swiftonomics’ could have helped drag Singapore’s economy across the finish line. The Southeast Asian country banked on several high-profile events—most notably superstar Taylor Swift—to jumpstart tourism spending. 

On Thursday, Singapore’s government unveiled the country’s GDP growth numbers for the first quarter of the year, giving an initial indication of whether the strategy paid off. 

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