This generation of students now risks losing $17 trillion in lifetime earnings in present value, or about 14 percent 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 $10 trillion estimates released in 2020. (Source: World Bank)