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

The rapid warming rate in Singapore is causing extreme heat levels, which are negatively impacting both individual health and macroeconomic productivity. A recent study by the National University of Singapore revealed that there has been a decline in labor productivity across various economic sectors in the country, with workers who are exposed to adverse environmental conditions facing even higher economic losses.

In 2018, heat strain led to an 11.3% decrease in average productivity in sectors like services, construction, manufacturing, and agriculture. This trend is projected to worsen over time, with a predicted 14% fall in productivity by 2035. For every hot day, workers could experience a median income loss of S$21 per worker due to reduced productivity during working hours.

The study emphasizes 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 the world. The global average warming rate is twice as fast as Singapore’s rate, leading to extreme heat levels that pose risks to cognitive and physical abilities as well as fertility rates. Scientists have warned that we have surpassed a critical warming threshold, moving us into an era of extreme heat.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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