‘Disruption to schooling stemming from the COVID-19 epidemic will cause a skill loss that could result in a 1.5 per cent 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 US$15.3 trillion, the OECD said in a report published on Tuesday (Sep 8), with the bill rising higher still if disruption to education extends into the next academic year.’
Read here (Channel News Asia, Sept 8, 2020)