Switzerland: 2001 Article IV Consultation — Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Switzerland

May 21, 2001

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Format: Chicago

Switzerland: 2001 Article IV Consultation — Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Switzerland, (USA: International Monetary Fund, 2001) accessed November 24, 2024

Summary

Switzerland has had a mixed macroeconomic performance over the past quarter century. After stagnating in the 1990s, the Swiss economy has finally shown some spark. Registered unemployment has declined sharply during the upswing and was below 2 percent in early 2001 amidst reports of increasing shortages of skilled labor. The surge in oil prices pushed headline inflation slightly above 1½ percent in 2000, up from 0.8 percent in 1999. The country’s longstanding current account surplus reached almost 13 percent of gross domestic product in 2000.

Subject: Budget planning and preparation, Expenditure, Inflation, Monetary policy, Monetary policy frameworks, Price stabilization, Prices, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Deficit, Deficit guarantee, Federal deficit, Global, Growth performance, Headline inflation, Inflation, ISCR, Monetary policy frameworks, Price stabilization, Spending item, Staff appraisal, State trading companies

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/074
Stock No:

1CHEEA0012001
ISBN:

9781451807189
ISSN:

1934-7685

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