Switzerland: 2013 Article IV Consultation

May 21, 2013

Preview Citation

Format: Chicago

Switzerland: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 25, 2024

Summary

The Article IV Consultation discusses the IMF Executive Board’s assessment of economic developments and policies in Switzerland. With the exchange rate floor in place for more than one year, the Swiss economy has been relatively stable. Although overall export growth is weak, the external position remains comfortable, reflecting high investment income and strong export performance in some sectors. Executive Directors noted that, notwithstanding Switzerland’s stable economy and strong policy frameworks, risks stemming mostly from the euro area crisis and vulnerabilities in the domestic financial sector have clouded the near-term outlook.

Subject: Banking, Exchange rates, Financial crises, Financial institutions, Financial statements, Foreign exchange, Monetary policy, Mortgages, Negative interest rates, Public financial management (PFM)

Keywords: CR, Debt, Debt brake rule, Debt-brake rule, Europe, Exchange rate floor, Exchange rates, Financial statements, Global, Growth outlook, ISCR, Lending, Mortgage lending, Mortgages, Negative interest rates, Recession

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/128
Stock No:

1CHEEA2013001
ISBN:

9781484399064
ISSN:

1934-7685

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