The stunning success of Taylor Swift's Eras tour has had a noticeable impact on the economy.
The Federal Reserve highlighted the impact of Swift's three Philadelphia concerts in its most recent beige book.
The tour, which has attracted hundreds of thousands of Taylor Swift fans to cities across the country, has helped boost hotel revenues considerably, especially in Philadelphia.
"The totality of Taylor Swifts' U.S. tour could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries," the Common Sense Institute said.
So if the economy manages to avoid a recession that so many are worried about, the US may have Taylor Swift and her deeply loyal fans partly to thank.
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