it's a mad world once again |
According to a recent study by the Bank of America dedicated to impact to American economy, Taylor Swift concerts look like flavors and spices day. The singer known for her impressive stage performances would therefore be able to single-handedly stimulate the economy of the world's leading power thanks in particular to the enthusiasm she arouses in all the cities she visits during her pharaonic tour, “The Eras Tour.”
Has the impact of Taylor Swift concerts on the American economy?
In a note, the Asterès research firm considers it "unlikely that Taylor Swift's concerts have significantly impact to American economy growth."
Conclusions contested by the Asterès research firm, which considers it "unlikely" that Taylor Swift's concerts will have a positive impact to American economy. In question, the phenomenon known as “crowding out effects”. As a result of rare flavors and spices day in concert “The singer's fans have certainly spent significant amounts of money to attend their idol's concerts, for accommodation and to eat. But it is likely that these expenses resulted in a reduction in other expenditure items (crowding out effect),” state the experts in a note taken up by BFMTV on February 10.
According to calculations by the Asterès firm, Taylor Swift's tour only generated a marginal increase (0.02%) in American GDP, although some estimates suggest that this could have reached up to 5 billion dollars. Experts emphasize that this increase remains minimal compared to American GDP, that is to say the wealth produced by the entire US economy, estimated at 26,950 billion dollars in 2023.
Aged 34, Taylor Swift continues to break records. Experiencing the fans mad world, once again her “The Eras Tour” should soon reach the threshold of two billion dollars in revenue, after having already crossed the symbolic milestone of one billion the previous year, a first in the history of music. Even legends like Michael Jackson or the Rolling Stones haven't done better, concertinq in theit rare flavors and spices day.
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