Among other negative impacts of coronavirus, recession is most probable one. Experts believe that post corona situation will drive advanced university enrolment besides enhancing human capital. Covid-19 is more likely to negatively affect our lives.
Covid-19 crisis will bring anenormous downturn in economies of the nations.There will be a definite worldwide economic recession as no one can deny it given the prolonged lockdowns in almost all world nations. Leaving education in such a situation will mean lifelong penalty. The impact of Coronavirus will be seen twofold.
On one hand, it will badly affect the probability of finding ormaintaining a job on the other,your earnings will be drastically reduced. There will be knock-on results on labor market as well as mental health. The Great Depression in 1930s taught people that being unemployed will bring a lot more challenges to any household besides financial ones.
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As schools will be unable to conduct exams or classes, the education system will suffer a setback. Finding a job will be harder more than ever, small businesses will close and a whirlpool of financial worries will take societies by the storm. The number of students is most likely to fall due to current problems.
People will be in search of learning more skills as educational degrees only will not be enough in years to come. To protect oneself from the chill winds of poor economy, individuals will be forced to opt underemployment too. The crisis may result in more skilled workforce keen to run the world by working endlessly round the clock.