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In the last quarter of 2022, Switzerland experienced no growth relative to the previous quarter due to stagnant private consumption and public spending, and a contraction of exports. Investments have increased by 1%, but are significantly lower than in the previous year. Overall, GDP is only about 0.8% higher than in the same quarter of 2021. Inflation is almost at 3%, relative to the previous year, due to persisting bottlenecks affecting global value chains, rising energy prices, and uncertainty related to the Russian invasion of Ukraine. This is still relatively low in an international comparison, with OECD countries having experienced an average inflation of 10.13%. The unemployment rate is stable at 2%, half a percentage point lower than in the previous year. The OECD economic outlook expects annual inflation to decrease to 2% towards the end of 2023, and to 1.5% in 2024. GDP is expected to grow at an average annual rate of 3% by the end of 2024. This projection has been revised upwards compared to the last quarter, because the negative effect on GDP of SNB’s restrictive monetary policy (aimed at slowing down inflation) has been revised downwards. Unemployment is expected to increase slightly in the first half of 2023 and to steadily decrease until the end of 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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