FILE PHOTO: A child marches down Court St to protest the opening of schools following the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City, New York, U.S., September 1, 2020. REUTERS/Carlo Allegri
PARIS (Reuters) – Disruption to schooling stemming from the COVID-19 epidemic will cause a skill loss that could result in a 1.5% drop in global economic output for the rest of this century, the Organisation for Economic Cooperation and Development estimated.
For the United States, that will represent an economic loss of $15.3 trillion, the OECD said in a report published on Tuesday, with the bill rising higher still if disruption to education extends into the next academic year.
“Learning loss will lead to skill loss, and the skills people have relate to their productivity,” the report said, explaining the forecast drop in global GDP.
Governments around the world closed schools to