Heat strain could cost Singapore’s economy over $1.5 billion in losses

People sitting by a pier during sunset in Singapore.

Roslan Rahman | Afp | Getty Images

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, a recent study by the National University of Singapore showed.

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.

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