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In 2020-Q3, the spread of the virus slowed down and the restrictions to fight the COVID-19 pandemic crisis were progressively lifted. These factors triggered a strong rebound in GDP growth (+7.17%) in comparison to the second quarter of the year. The recover is visible in all GDP components, especially private consumption and investment expenditure. However, GDP (and all its components, except government spending) remains, not surprisingly, lower than in the same quarter of the previous year.

As in 2020-Q1 and 2020-Q2, the impact of the pandemic on the Swiss labour market has been limited. The unemployment rate stays constant at around 5%, hardly moving relative to the previous quarter and only about half a percentage point above the same quarter of the previous year. This suggests that targeted financial aid to firms through financed short-time work arrangements by the Swiss government has been effective so far. Prices are relatively stable with both current inflation and inflation expectations being low due to low oil prices, weak growth prospects and a strong Swiss franc. 

December 2020

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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