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"Dream - Singapore is predicted to experience double the economic losses due to heat stress compared to 2018, reaching US$1.64 billion (approximately Rp26 trillion) in 2035."
This prediction was revealed in a recent study conducted by the Yong Loo Lin School of Medicine at the National University of Singapore.
In 2018, the heat pressure in Singapore caused an average productivity decline of 11.3% in four major economic sectors, namely services, construction, manufacturing, and agriculture. The situation is expected to worsen.
The decrease in productivity in Singapore is estimated to increase by up to 14% by 2035, resulting in an economic loss of US$1.64 billion, after adjusting for inflation, according to the NUS Project HeatSafe report.
This loss is considered to be much higher for workers exposed to poor environmental conditions, such as those who work under the sun or are exposed to other heat sources like machinery.
"It is estimated that every hot day, the decrease in worker productivity during working hours (i.e., presenteeism) results in an average loss of SGD 21 per worker.""
The following 'Bahasa' text translated to 'English' while preserving any html tags: "revealed that the report was quoted from CNBC International."
The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: "Project HeatSafe is the first large-scale study in Singapore and the region aimed at assessing the impact of rising heat levels on productivity and health at the individual and macroeconomic levels."
Natalia Borzino from the Singapore-ETH Centre, a collaborator of Project HeatSafe, said that they used the year 2018 as the basis for their research because it was the year before the pandemic and also the last "normal year" for which data was available to the team. NUS highlights that Singapore is experiencing twice the rate of warming compared to other countries in the world, with the UV index recently reaching "extreme" levels for the second time in four days, which is the highest level of solar UV radiation in Singapore.
Singapore is not the only one facing extreme heat. Previously, in February 2024, scientists warned that the world had surpassed the threshold of major heating throughout the year for the first time in history. In July 2023, UN Secretary-General Antonio Guterres warned that the world had transitioned from global warming to a "global boiling era."
In addition to impacting cognitive capacity and physical activity, NUS research also found that exposure to extreme heat poses a risk to Singapore's fertility rate, which is already at its lowest point in history.
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