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In the second quarter of 2023, Italy’s GDP fell by 0.34% relative to the previous quarter, but increased by 0.55% relative to the previous year. While private consumption has risen during the past year, investments and government spending have declined. Inflation is still high at 7.40%, because of production bottlenecks in the aftermath of the pandemic, still relatively high energy prices, and persistent geopolitical tensions due to the Russian invasion of Ukraine. Nevertheless, it is gradually decreasing, as a consequence of the repeated monetary policy tightening of the ECB in the previous quarters. The OECD economic outlook expects annual inflation to gradually decline throughout 2023 and to stabilize at around 3% in 2024. GDP is expected to grow at an average annual rate between 3.5% and 4% until the end of 2024. Unemployment is expected to increase to 8.2% in the second half of 2023, and to decrease again to 8% in 2024.

October 2023

ECSA Chemicals AG
Burgauerstrasse 17
CH-9230 Flawil (Switzerland)

Via Luigi Favre 16
CH-6828 Balerna (Switzerland) 

T. +41582119100

CHE-143.818.564

ECSA Maintenance AG
Burgauerstrasse 17 
CH-9230 Flawil (Switzerland)

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-143.818.564

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
Via San Giorgio 37
CH-6877 Coldrerio

T. +41582119910

CHE-477.597.888

Stalvedro Easy Stop SA
Stalvedro 4, CH-6780 Airolo

T. +41582119950

CHE-315.206.664

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