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During the second wave of the COVID-19 pandemic, GDP in the Euro Area has decreased, on average, by 0.65% relative to 2020-Q3 and by 4.92% relative to 2019-Q4. European Union countries experienced a sharp decline in private consumption, counteracted by an increase in investments, government spending and exports. Except for government spending, all GDP components are significantly lower than their pre-crisis levels. The OECD predicts the average GDP in the Euro Area to grow at an annual rate of 4% to 5% from 2021, as economic activity transits towards normality. According to the OECD economic outlook, the average unemployment rate of 8.2% is expected to grow up to 9.6% in the first half of 2021 and then to decline gradually. Prices are stable with an inflation rate close to 0%.

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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