Germany started the year with little economic growth relative to the previous quarter, due to stagnant consumption levels and a contraction of exports. 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 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, at 2.11 percent relative to the previous quarter and at 5.77 percent relative to the previous year. According to the OECD economic outlook, annual inflation is expected to stay around 3 percent for the next quarters and to decrease to about 2 percent in 2023. GDP is expected to grow at an annual rate of more than 5 percent until 2022-Q3 and to slow down to 4.0-4.5 percent thereafter, 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