Taylor Swift save many many sinki from pokkai in Q1 de woh

[k1976]

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

Lionel Lim
Thu, 23 May 2024 at 4:35 pm SGT3-min read

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.

In the first three months of the year, the city-state’s economy grew just 0.1% quarter-on-quarter, much slower than the 1.2% growth reported for Q4 2023.

 

[k1976]

Singapore’s economy appears stronger when analyzed on a year-by-year basis, growing by 2.7% in the first quarter of the year, up from 2.2% growth reported in the previous quarter.

Tourism ended up being a bright spot in what was otherwise a sluggish economy. Manufacturing shrank by 1.8% year-on-year, which the country’s Ministry of Trade and Industry attributed to output declines in biomedicine, electronics and other general manufacturing. Perhaps surprisingly for a city-state like Singapore, manufacturing contributes about 20% of the country’s GDP.

But strong performances in the service sector offset those declines. Arts, entertainment and recreation grew by 22.8% year-on-year and accommodation expanded by 14.4%. The transportation and storage sector, which includes air transport, expanded by 6.8% year-on-year.

 

[k1976]

Like that we should have Taylor Swift Concert every Quater liao

 

[Balls2U]

Like that we should have Taylor Swift Concert every Quater liao

Can bring in this ATB aunty to perform TS songs. I'm sure she'll do it for $500.