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In 2021-Q1, on average OECD countries experienced a modest increase GDP compared to the previous quarter; however, average GDP is still below the level in 2020-Q1. The sluggish GDP growth is caused by a drop in private consumption due to the strict national containment measures taken to curb the second wave of the COVID-19 pandemic, cushioned by an increase in investment and government spending. The OECD economic outlook expects GDP to grow further in the coming quarters and to stabilize at an annual growth rate of about 5% from 2022. Unemployment decreased slightly to 6.7% relative 2020-Q4, suggesting a gradual recovery of national labour markets, but still exceeds its level in 2020-Q1 by more than 1 percentage point. According to the OECD economic outlook, unemployment is going to gradually decline, as economic activity transits towards normalcy, reaching 5.7% by the end of 2022. Inflation is positive and around 1 percent, suggesting a modest increase in the average price level due to the positive growth prospects in the next quarters.

August 2021

ECSA Chemicals AG
Burgauerstrasse 17
CH-9230 Flawil (Switzerland)

Via Luigi Favre 16
CH-6828 Balerna (Switzerland) 

T. +41582119100
F. +41582119101

CHE-143.818.564

ECSA Maintenance AG
Burgauerstrasse 17 
CH-9230 Flawil (Switzerland)

Via Luigi Favre 16 
CH-6828 Balerna (Switzerland)

T. +41582119300
F. +41582119301

CHE-143.818.564

ECSA Energy SA
Via Luigi Favre 16 
CH-6828 Balerna (Switzerland)

T. +41582119500
F. +41582119501

CHE-143.818.564

ECSA ITALIA Srl Società
con Unico Socio
Via Lavoratori Autobianchi 1 
I-20832 Desio (MB)
(Stabile n. 15 - Polo Tecnologico della Brianza)

T. +39 0362 625 421
F. +39 0362 304 361

P.IVA IT00222470130

Codice destinatario: C1QQYZR

Porta Ticino Easy Stop SA
Via San Giorgio 37
CH-6877 Coldrerio

T. +41582119910
F. +41582119911

CHE-477.597.888

Stalvedro Easy Stop SA
Stalvedro 4, CH-6780 Airolo

T. +41582119950

CHE-315.206.664

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