Germany estimates 28 billion (!) in arts lossesmain
The German government has published projections of cultural losses as a consequences of the Coronavirus.
Cultural industries in Germany generated close to 170 billion Euros in 2018, employing 1.7 million individuals. Over the next four months, up to one-fifth of that total will be lost.
The music sector alone stands to lose 5.1 billion euros by mid-summer, equivalent to 59 percent of turnover.