COVID-19 epidemic will cause a skill loss that could result in a 1.5 per cent drop in global economic output for the rest of this century, the Organisation for Economic Cooperation and Development (OECD) estimated.For the United States, that will represent an economic loss of $15.3 trillion, the OECD said in a report published on Tuesday, with the bill rising higher still if disruption to education extends into the next academic year. ‘Inevitable’ coronavirus cases will rise as schools reopen, chief health officer says “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.