Effects & Affects of Covid-19 Crisis on Austrian Cultural and Creative Industries

After the first week of the Corona lockdown of the Austrian economy and society, the domestic Cultural and Creative Industry (CCI) is facing unprecedented challenges. In order to attempt to measure the consequences of these provisions, the European Creative Business Network has carried out a snapshot survey about the effects and affects of the fight against the spread of the new coronavirus on the Austrian cultural and creative industries. The self-assessment by the participants reflected in this study is alarming. The absolute majority of the participants of this snapshot survey expect sale losses. The figures, which refer to the overall economic figures for the Austrian creative industries, are also worrying. Based on this self-assessment, this means, in the long term, that the crisis could lead to a loss of EUR 3 billion in gross annual value added for CCIs in the Austrian market.