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May 28, 2021 General
Economic impact of COVID-19 crisis in IPR-intensive industries
This study analyses the economic impact of the COVID-19 crisis on industries that use intellectual property rights (IPRs) including trade marks, designs, patents and copyright, intensively. The analysis is based on the Short-Term business Statistics (STS) from Eurostat, and on previous research carried out jointly by the EUIPO and the European Patent Office (EPO).
Although IPR-intensive industries have suffered the consequences of the lockdowns in the EU more than the rest of the economy, they also show a higher resilience to economic downturns. Therefore, a quicker recovery could be expected for these industries, as occurred after the 2009 financial crisis, and this justifies close monitoring of their economic performance during 2021 and beyond.
You can read the study here.