World Bank-UNESCO-UNICEF report lays out the magnitude of the education crisis and costs for future generations

This generation of students now risks losing US$ 17 trillion in lifetime earnings in present value, or about 14% of today’s global GDP, as a result of COVID-19 pandemic-related school closures, according to a new report published today by the World Bank, UNESCO, and UNICEF. The new projection reveals that the impact is more severe than previously thought, and far exceeds the US$ 10 trillion estimates released in 2020.

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