Switzerland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland

December 15, 2016

Preview Citation

Format: Chicago

Switzerland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that the economy of Switzerland withstood relatively well the sharp appreciation that followed the exit from the exchange rate floor. Economic performance has continued to firm in 2016 with support from domestic and external demand. GDP growth is forecast to reach 1.5 percent in 2016, and to stabilize at 1.7 percent over the medium term. Inflation is expected to return to positive territory in 2017 and to continue to rise to the middle of the target band. However, important external and domestic risks could affect this outlook, including resurgence in global financial market volatility, renewed concerns about the financial health of large global banks, and changes in Swiss–European Union economic relations.

Subject: Banking, Central bank policy rate, Exchange rates, Financial institutions, Financial services, Foreign exchange, Housing prices, Mortgages, National accounts, Prices, Public debt

Keywords: Brake rule, Central bank policy rate, CR, Debt, Exchange rates, FSI website, Global, Housing prices, IMF staff estimate, Interest rate, Interest rate environment, ISCR, Mortgages, Output gap, Price development, Risk

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/381
Stock No:

1CHEEA2016001
ISBN:

9781475560398
ISSN:

1934-7685

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