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In 2020-Q4, the second wave of the COVID-19 pandemic has decreased the GDP of Italy both relative to the previous quarter and to the same quarter of the previous year. This drop is caused by a sharp decline in private consumption, cushioned by an increase in government spending and exports, relative to the third quarter of the year. The OECD predicts a strong rebound in GDP growth in 2021, reaching annual rates of more than 4% starting from the second half of the year. The unemployment rate decreased by half a percentage point to 9.1%. In 2021, however, the OECD predicts unemployment to increase up to 11%, when government-financed short-time work arrangements will likely be scaled down. A gradual decline will follow, as economic activity transits towards normality. Prices are relatively stable.

April 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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