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The Euro Area started 2021 with a decline in GDP relative to both 2020-Q4 and 2020-Q1. This drop is driven by a decrease in consumption due to strict national containment measures taken to curb the second wave of the COVID-19 pandemic, but has been cushioned by a 3% increase in government spending. From 2021-Q2, the OECD predicts a positive growth of GDP in the Euro Area and expects it to stabilize at an annual growth rate of about 5% by the end of the year. The unemployment rate has decreased slightly relative to the previous quarter, but is still 0.9 percentage points higher than in 2020-Q1. According to the OECD economic outlook, it is expected to gradually decline, as economic activity transits towards normalcy, reaching 5.7% by the end of 2022. Inflation is positive and around 1 percent, suggesting a modest increase in the average price level due to the positive growth prospects in the next quarters.

August 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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