Economy

UNESCO warns $10 trillion economic loss if education crisis persists

Date: Jul 3, 2025

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has issued a stark warning that the global economy could suffer a staggering $10 trillion loss over the next decade.

This is if urgent action is not taken to address the current education crisis.

Speaking at the Sustainable Development Conference in Sevilla, Spain, UNESCO officials highlighted the severe economic risks of children being out of school and the widespread lack of relevant skills among the younger generation. The organisation urged world leaders and financial institutions to prioritise education as a critical driver of long-term economic growth and stability.

“Education is not just a human right, it’s an economic imperative,” said a UNESCO Spokesperson. “Without proper investment and reform in education systems, we are not only failing young people, but also compromising our future prosperity.”

--SABC/ChannelAfrica--

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