How will the Predicted Recession Affect Study Abroad Aspirants ?

    Updated on: 05 Sep 2023 4 min read

    With the COVID-19 situation worsening in popular study abroad destinations such as the US, the UK, Australia, and Canada, it hasn’t been an easy ride for international students. Thousands of students have been forced to return home since the outbreak of coronavirus. International students from countries such as India, China, Germany, France, Middle East, South Korea, Brazil, and Japan are among the most affected.

    According to the World Economic Forum’s (WEF’s) latest report, the US economy lost 701,000 jobs in March 2020. According to the Bureau of Labor Statistics, this was just the number of nonfarm payroll jobs. This was seven times more the number that had been predicted by expert economists.

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    Final Word

    Overall, the predicted recession would definitely affect abroad education aspirants directly. But with time, its implications would wear off and that is what students need to be ready for. Acquiring a quality degree in the meantime is perhaps the only thing that can help them tide this storm. 



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Written by KARTIKEYA KUMAR

Environmentalist, Musician and Sports Enthusiast


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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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