School closures could have a long-term economic impact.

In India, Germany, the United Kingdom, Brazil, and the United States, where many schools were closed for more than a year, recent assessments of kids reveal that widespread virtual learning during the Covid-19 pandemic resulted in lower academic levels.

“If these learning losses are not addressed, affected pupils may face a lifetime of low wages,” the Washington-based crisis lender wrote in a report.

According to IMF economists, current students will account for over 40% of the working-age population in G20 nations for decades to come.

“While much remains unknown, our simulations show that once all such students are in the labor market, advanced G20 economies’ GDP might increase by as much as 3%.”