ifo Institute

According to a survey by the ifo Institute, up to 14 % of all companies in Germany currently see their existence threatened due to the pandemic. If one looks in detail at the service sector and the occupational fields located there, an even more dramatic picture emerges. According to the available data, the events industry continues to be hit the hardest, right after the travel industry as the sad leader. According to the survey, the percentage of companies in this area that are immediately threatened with bankruptcy is already a whopping 67.4 percent. So we are actually talking about the massive collapse of an industry that in 2019, as the sixth strongest economic power in the country, still had sales of almost 130 billion euros.


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