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In the second quarter of 2023, the Euro Area experienced little economic growth due to stagnant private consumption, government spending and exports, while private investments increased by almost 1.3% compared to 2022-Q2. Inflation is still high at 6.2%, because of production bottlenecks in the aftermath of the pandemic, still relatively high energy prices, and persistent geopolitical tensions due to the Russian invasion of Ukraine. Nevertheless, it is gradually decreasing, as a consequence of the repeated monetary policy tightening of the ECB in the previous quarters. Unemployment has decreased slightly to 6.47%. The OECD economic outlook expects annual inflation to gradually decline throughout 2023, reaching 3.5% towards the end of the year, and to decrease to 3% until the end of 2024. GDP is expected to grow at an average annual rate between 4.0% and 4.5% until the end of 2024. Unemployment is expected to gradually increase to 6.7% in the second half of the year and to decrease to 6.6% in 2024.

October 2023

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

Via Luigi Favre 16
CH-6828 Balerna (Switzerland) 

T. +41582119100


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

Via Luigi Favre 16 
CH-6828 Balerna (Switzerland)

T. +41582119300


Suncolor SA
Via d'Argine 1 
CH-6930 Bedano (Switzerland)

T. +41919455038


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

T. +41582119500


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

T. +39 0362 625 421

P.IVA IT00222470130

Codice destinatario: C1QQYZR

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

T. +41582119910


Stalvedro Easy Stop SA
Stalvedro 4, CH-6780 Airolo

T. +41582119950


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