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Singapore’s Economy Could Lose Over $1.5 Billion Due to Heat Strain

In recent years, Singapore has experienced economic losses due to heat stress, which is projected to nearly double to $1.64 billion in 2035 compared to pre-pandemic levels in 2018. A study by the National University of Singapore has revealed that labor productivity has declined across various economic sectors in the country, with an 11.3% decrease in average productivity in 2018. This trend is expected to worsen over time, with a predicted 14% fall in productivity by 2035.

Workers who are exposed to adverse environmental conditions such as working under the sun or with heat-generating machinery will face even higher economic losses. For every hot day, workers could experience a median income loss of S$21 per worker due to reduced productivity during working hours. Project HeatSafe is the first large-scale study in Singapore and the region to analyze the impact of rising heat levels on both individual health and macroeconomic productivity.

Singapore’s rapid warming rate, which is twice that of the global average, has caused extreme heat levels in the country. The UV index has reached “extreme” levels twice within four days, prompting concerns about the impact of such intense heat on residents. This level of heat exposure not only affects cognitive and physical abilities but also poses risks to the fertility rate, which is already at historic lows in Singapore.

On a global scale, scientists have warned that the world has surpassed a critical warming threshold, moving the planet into an era of extreme heat. The recent findings emphasize the urgent need to address the impact of rising temperatures on the economy and the overall well-being of the population, both in Singapore and around

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

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