In the second quarter of 2023, OECD countries experienced little economic growth relative to the previous quarter (+0.5%) due to little growth in private consumption, investments, and government spending. Moreover, exports have decreased by almost 1% relative to 2023-Q1. Nevertheless, GDP is still 1.6% higher than in the same quarter of 2022. The strong rebound in the first months after the pandemic, rising energy prices, and uncertainty related to the Russian invasion of Ukraine have raised the inflation rate, now at almost 6.5%, considering prices of the previous year. Nevertheless, it is gradually decreasing, as a consequence of the repeated monetary policy tightening of the ECB and the Fed in the previous quarters. Unemployment has been virtually unaffected and remains stable around 4.8%. The OECD economic outlook expects annual inflation to gradually decline throughout 2023, reaching 5% towards the end of the year, and to decrease below 4% until the end of 2024. GDP is expected to grow at an average annual rate of about 5.6% until the end of 2024. Unemployment is expected to increase and to stabilize at 5.2% in 2024.
October 2023
ECSA Chemicals AG
Burgauerstrasse 17
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CH-6828 Balerna (Switzerland)
T. +41582119100
CHE-143.818.564
ECSA Maintenance AG
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Via Luigi Favre 16
CH-6828 Balerna (Switzerland)
T. +41582119300
CHE-143.818.564
Suncolor SA
Via d'Argine 1
CH-6930 Bedano (Switzerland)
T. +41919455038
CHE-106.064.878
ECSA Energy SA
Via Luigi Favre 16
CH-6828 Balerna (Switzerland)
T. +41582119500
CHE-143.818.564
ECSA ITALIA Srl Società
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
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CHE-315.206.664