Switzerland: Staff Report for the 1999 Article IV Consultation

May 8, 2000

Preview Citation

Format: Chicago

Switzerland: Staff Report for the 1999 Article IV Consultation, (USA: International Monetary Fund, 2000) accessed November 21, 2024

Summary

For the past quarter century, Switzerland’s real per capita growth rate has been substantially slower than in most other industrial countries. Unemployment has declined rapidly to 2.4 percent of the labor force in November 1999 from its 1997 peak of more than 5 percent. Inflation has edged up from exceptionally low levels. Switzerland’s longstanding current account surplus was above 9 percent of gross domestic product in 1998 and is estimated to have risen further in 1999. The franc has shadowed the euro closely since January 1999, fluctuating narrowly around 1.6 Sw F/euro.

Subject: Banking, Budget planning and preparation, Economic forecasting, Fiscal policy, Inflation, Price stabilization, Prices, Public financial management (PFM)

Keywords: Budget planning and preparation, Consumer confidence, CR, Euro area economy, Europe, Global, Growth prospect, Headline CPI inflation, Headline inflation, Inflation, Inflation risk, Interest rate, ISCR, Price stabilization, Staff appraisal

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/023
Stock No:

1CHEEA0012000
ISBN:

9781451807172
ISSN:

1934-7685

Notes

Contains the text of Public Information Notice No. 00/14--IMF Concludes Article IV Consultation with Switzerland.

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