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

A study by the National University of Singapore has revealed that Singapore’s economic losses due to heat stress could almost double to $1.64 billion in 2035 compared to pre-pandemic levels in 2018. In 2018, heat strain caused an 11.3% decrease in average productivity across Singapore’s major economic sectors, 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 Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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