School closures during the pandemic could erase over $500 billion of potential economic growth from a handful of Asian countries, according to Oxford Economics. From 2021 to 2035, each of these economies may lose 0.3% and 0.8% of potential GDP per year on average, according to a report by the economic advisory firm. As a result of pandemic-induced school closures, those countries could lose a collective GDP of approximately $511 billion. Because of that, the Philippines could see the highest loss in potential GDP and investments between 2021 and 2035, according to the global research firm. Thailand is expected to see the least loss in potential GDP and investments during the same period.

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Organizations: Longos Elementary School, Oxford Economics, Schools Locations: Alaminos, Philippines, India, Indonesia, Malaysia, Thailand