U.S. ECONOMY LIKELY TO SUFFER LOSSES WORTH $14 TRILLION DUE TO COVID-19 SCHOOL CLOSURES

Highlights

• The worldwide school closures in early 2020 led to losses in learning that will not easily be made up for even if schools quickly return to their prior performance levels said economists

• As per the report, students in K-12 will experience a 3 percent lower income over their lifetimes due to the pandemic, translating to an average of 1.5 percent lower annual GDP for the remainder of the century