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In the last quarter of 2022, Germany experienced a light contraction of GDP relative to the previous quarter, due to lower private consumption, investments and exports. However, GDP is still 1.14% above its level in the previous year. As in many other countries, persisting bottlenecks affecting global value chains, rising energy prices, and uncertainty related to the Russian invasion of Ukraine have raised the inflation rate, now at 8.6%, relative to the previous year. Unemployment is stable at a low 3%. The OECD economic outlook expects annual inflation to gradually decline throughout 2023, reaching 6% towards the end of the year, and to decrease to 2.5% by the end of 2024. GDP is expected to grow at an average annual rate of 5% until the end of 2024. This projection has been revised upwards compared to the last quarter, because the negative effect on GDP of ECB’s restrictive monetary policy (aimed at slowing down inflation) has been revised downwards. Unemployment is expected to increase to 3.6% in the first half of 2023, and then to stabilize at around 3.5% in 2024.

April 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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