Reported 9 months ago
Taylor Swift's concerts across Europe, including Stockholm, are seen as potential economic boosts post-recession. However, the impact on local economies is minimal and temporary, with research suggesting that such events mostly lead to substitution spending rather than genuine economic growth. Despite expectations of substantial gains, the actual financial benefits of Swift's tours appear to be limited, with most income flowing back to the United States and having little effect on overall economic performance in European countries.
Source: YAHOO