Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Several generations to suffer economic losses over virus school closures, OECD says

by REUTERS

PARIS Sep 08, 2020 - 12:02 pm GMT+3
A pupil arrives at the J.H. Newman College International in Madrid, Spain, Sept. 8, 2020. (AP Photo)
A pupil arrives at the J.H. Newman College International in Madrid, Spain, Sept. 8, 2020. (AP Photo)
by REUTERS Sep 08, 2020 12:02 pm

Disruption to schooling in light of the COVID-19 pandemic will cause a loss in skills that could result in a 1.5% drop in global economic output for the rest of the century, according to estimates from the Organization for Economic Cooperation and Development (OECD).

For the United States, that will represent an economic loss of $15.3 trillion, the OECD said in a report published 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 curb the spread of COVID-19, in most cases for around 10 weeks, or one-third of a year of schooling.

One impact was to widen the gaps in educational opportunities between the rich and poor. Children with internet access, computers and supportive families fared better.

"Students from privileged backgrounds ... could find their way past closed school doors to alternative learning opportunities. Those from disadvantaged backgrounds often remained shut out when their schools shut down," the report said.

Even as schools in many countries reopen, big challenges remain for education, according to the OECD report. Schools must navigate how to reopen without causing a new spike in infections.

With economies contracting, there is a risk education budgets will shrink, the report said. And universities will have to reinvent themselves so they stay attractive to students even when they can no longer offer the traditional campus experience.

  • shortlink copied
  • KEYWORDS
    covid-19 outbreak economy education
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Turkish, Azerbaijani air forces soar over Bosporus for Teknofest
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021