The US economy has lost $12.1 billion over two years as a result of declines in international student numbers, NAFSA has calculated.

A new report, entitled “World Changing Glasgow: Our Economic Impact”, cited that £631m was associated with the University of Glasgow’s educational exports.

Even though we're going to see some pretty good economic data being reported over the course of the next 12 months or so, those will not be sufficient to fully offset the pace of decline we saw last year

The economic contribution of international education has been revised up by almost $1 billion in Australia, according to the ABS.