Logo ecsa group 300x

Eurozone – Slow economic recovery, political uncertainty and still expansionary monetary policy

The negotiation phase between Great Britain and the European Union (EU) concerning Brexit could generate uncertainty and slow down the investments’ growth of the companies. 

The credit growth stabilization at minimum levels points to a decrease of the local economic dynamic. 

In 2016, the GDP growth (1.6%) was based on the private and public consumption and on the recovery of the manufactory sector. The positive effects of the strong depreciation of the euro and of the weakness of row matter prices are vanishing. 

The end of an extremely low inflation period goes along with the vanishing of its positive effects on the real revenue in the last years without compensation through wage increases on the labour market. This trend should moderate private consumption. 

The highest utilization rate of production capacities of the last eight years and advantageous financing conditions could foster the companies’ investments in equipment.

The monetary policy of the European Central Bank (ECB) should remain very expansionary to sustain the economic trend. The measures of quantitative easing have been extended until December 2017 (instead of March), even if a reduction of the monthly purchases of debt titles from 80 to 60 billion € is expected as from April.

March 2017

ECSA Chemicals AG
Burgauerstrasse 17
CH-9230 Flawil (Switzerland)
T: +41 71 394 02 30
F: +41 71 394 02 31

Via Luigi Favre 16
CH-6828 Balerna (Switzerland) 
T: +41 91 695 88 00
F: +41 91 695 88 01

ECSA Maintenance AG
Burgauerstrasse 17 
CH-9230 Flawil (Switzerland)
T: +41 71 394 02 30 
F: +41 71 394 02 31

Via Luigi Favre 16 
CH-6828 Balerna (Switzerland) 
T: +41 91 695 88 00
F: +41 91 695 88 02

ECSA Energy SA
Via Luigi Favre 16 
CH-6828 Balerna (Switzerland)
T: +41 91 695 88 00
F: +41 91 695 88 05

ECSA ITALIA Srl Società
con Unico Socio
Via Lavoratori Autobianchi 1 
I-20832 Desio (MB)
T: +39 0362 625 421
F: +39 0362 304 361
P.IVA IT00222470130

Porta Ticino Easy Stop SA
Via San Giorgio 37
CH-6877 Coldrerio
T: +41 91 640 35 50 
F: +41 91 640 35 51

This website uses cookies to enhance your experience. By continuing, you are agreeing to our Cookie Policy.