Switzerland: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Switzerland, and Informational Annex

May 20, 2010

Preview Citation

Format: Chicago

Switzerland: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Switzerland, and Informational Annex, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

Switzerland was hard hit by the global crisis; however, the 1.5 percent contraction in 2009 compares favorably with most industrial countries. This 2010 Article IV Consultation highlights that after a year-long decline in real GDP, the economy exited the recession in mid-2009. In response to the crisis, the authorities took a series of actions in a broad range of policy areas. Financial sector measures also helped to stabilize financial markets and reduce systemic risk. The authorities are now contemplating how to exit from the current accommodative stance.

Subject: Banking, Expenditure, Fiscal stance, Income, Inflation, Labor, National accounts, Personal income, Prices, Real estate prices

Keywords: CR, Economic statistics, Economy, FINMA memorandum of understanding, Global, Government, Income, Inflation, ISCR, Liquidity standard, Policy dialogue, Real estate prices, Risk diversification requirement, SNB

Publication Details

Pages:

140
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/140
Stock No:

1CHEEA2010001
ISBN:

9781455205899
ISSN:

1934-7685

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