Switzerland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

May 26, 2009

Preview Citation

Format: Chicago

Switzerland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect. Along with a sharp contraction in exports, investments are now being postponed. Consumption has held up well so far, but as unemployment rises, household spending will lose momentum. The Swiss National Bank has appropriately loosened monetary policy, bringing the policy rates almost to zero. Maintaining financial stability will be essential for ensuring macroeconomic stability and growth in Switzerland.

Subject: Banking, Deposit insurance, Economic sectors, Financial crises, Financial institutions, Financial sector, Income, Insurance, Insurance companies, National accounts, Personal income

Keywords: Asia and Pacific, Asset, CR, Financial sector, Global, Headline inflation, IMF staff projection, Income, Insurance, Insurance companies, Introduced SNB bill, ISCR, Monetary policy stance, Repo transaction, SNB balance sheet, Switzerland

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/164
Stock No:

1CHEEA2009001
ISBN:

9781451807417
ISSN:

1934-7685

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