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In the second quarter of 2023, France has experienced modest economic growth. GDP has increased by 0.53% relative to the previous quarter and by almost 1% relative to the previous year. These results follow from an increase in private investments, government spending and exports over the last year. On the contrary, private consumption declined. Inflation is still high at 5.18%, 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. Unemployment has increased slightly, relative to the previous quarter, to 7.3% but is 0.2 percentage points lower than in 2022. The OECD economic outlook expects annual inflation to gradually decline throughout 2023, reaching 4% towards the end of the year, and to decrease below 3% until the end of 2024. GDP is expected to grow at an average annual rate between 3.5% and 3.9% until the end of 2024. Unemployment is expected to stay at 7.3% until the end of 2023, and to decrease to 7.1% 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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