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OECD countries started the year with little economic growth relative to the previous quarter. GDP, however, is significantly higher than in the same quarter of the previous year, when COVID was still holding back economic activity. Since then, consumption levels have spiked and international trade has risen again. The economic recovery, production bottlenecks of Chinese manufacturing firms that were forced to stop during the pandemic, soaring energy prices, and uncertainties related to the Russian invasion of Ukraine, have contributed to increasing inflation rates, at 2.97 percent relative to the previous quarter and at 7.90 percent relative to the previous year. According to the OECD economic outlook, annual inflation is expected drop in the next quarters and to stabilize at around 3 percent in 2023, GDP growth is expected to stabilize at 5 percent, and unemployment is expected to decrease slightly, but steadily, towards the next year.

OECD countries

July 2022

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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