The Euro Area started the year with little economic growth relative to the previous quarter, due to a slight contraction in consumption levels. GDP, however, is significantly higher than in the same quarter of the previous year, when COVID was still holding back economic activity. Since then, consumption levels and government spending have spiked and international trade has risen again. The economic recovery, production bottlenecks of Chinese manufacturing firms that were forced to stop during the pandemic, soaring energy prices, and uncertainties related to the Russian invasion of Ukraine, have contributed to increasing inflation rates, 2.19 percent relative to the previous quarter and 6.15 percent relative to the previous year. According to the OECD economic outlook, annual inflation is expected to stay at around 3 percent in the first half of the year, and to decrease to 2 percent towards 2023. GDP is expected to grow at an annual rate of 3.5-4.5 percent in the coming quarters, while unemployment is expected to decrease slightly, but steadily, towards 2023.
July 2022
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