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Singapore’s economy could suffer losses of more than $1.5 billion due to heat strain

The sun is setting over Singapore’s pier, casting a warm glow on the water. However, recent research suggests that the country’s economic losses due to heat stress could almost double to $1.64 billion in 2035 compared to pre-pandemic levels in 2018. A study by the National University of Singapore found that heat strain caused an 11.3% decrease in average productivity across Singapore’s major economic sectors in 2018, including services, construction, manufacturing, and agriculture. This decline is expected to worsen in the coming years, with productivity expected to fall by 14% in 2035.

Workers who are exposed to adverse environmental conditions, such as working under the sun or being exposed to heat from machinery, face higher productivity losses. On average, workers lose around S$21 in median income for each hot day. Project HeatSafe is the first major study in Singapore and the wider region to analyze the impact of rising temperatures on productivity and health at both individual and macroeconomic levels.

Singapore is warming at a rate twice as fast as the rest of the world, with the UV index reaching extreme levels recently. This has significant implications for productivity and health in the country. The extreme heat exposure not only affects cognitive capacity and physical exertion but also poses a risk to the country’s already low fertility rate. As global temperatures continue to rise, countries worldwide will need to address the economic and health impacts of extreme heat.

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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