Heat stress could cost Singapore over $1.5 billion in economic losses by 2035

Economy Nouvelles

Heat stress could cost Singapore over $1.5 billion in economic losses by 2035
Heat StressLabor ProductivityEconomic Losses
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A recent study by the National University of Singapore showed that heat stress could lead to a decline in labor productivity, resulting in economic losses of over $1.5 billion by 2035. In 2018, heat strain caused an 11.3% fall in average productivity across Singapore's major economic sectors, and this is expected to worsen to 14% by 2035.

Heat stress could put a dent in labor productivity which could cost Singapore over $1.5 billion in economic losses by 2035, a recent study by the National University of Singapore showed. In pre-pandemic 2018, heat strain caused an 11.3% fall in average productivity across Singapore 's four big economic sectors, which is expected to rise to 14% in 2035. Singapore 's economic losses due to heat stress could nearly double to $1.

64 billion in 2035 from pre-pandemic 2018 due to a decline in labor productivity, Back in 2018, heat strain caused an 11.3% fall in average productivity across Singapore's four big economic sectors — services, construction, manufacturing and agriculture. And it's on course to worsen. Fall in productivity is expected to rise to 14% in 2035, leading to an economic loss of S$2.22 billion ($1.64 billion), after adjusting for inflation, the NUS Project HeatSafe report sai

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Heat Stress Labor Productivity Economic Losses Singapore Study NUS 2035

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