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In the first quarter of 2023, the Euro Area experienced no economic growth relative to the previous quarter due to a contraction in private consumption and public spending, as governments withdrew fiscal support measures to tackle high energy prices. GDP is 1.3% higher than in the same quarter of 2022. The strong rebound after the pandemic crisis, rising energy prices, and uncertainty related to the Russian invasion of Ukraine have raised inflation, now at 8.13% relative to the previous year. Unemployment remains stable at 6.6%. The OECD economic outlook expects annual inflation to gradually decline throughout 2023, reaching 3.5% towards the end of the year, and to decrease to 3% until the end of 2024. Despite the current tightening of the monetary policy by the ECB to slow down inflation, GDP is expected to grow at an average annual rate of 4.5% until the end of 2024. Unemployment is expected to gradually increase to 6.7% in the second half of the year and to decrease to 6.6% in 2024.

July 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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