Switzerland: Staff Report for the 2015 Article IV Consultation

May 27, 2015

Preview Citation

Format: Chicago

Switzerland: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed December 25, 2024

Summary

This 2015 Article IV Consultation highlights that Switzerland’s economy has performed relatively well in the aftermath of the global financial crisis, with growth reaching 2 percent in 2014. However, the economic environment became more complicated in late 2014, as increased capital inflows forced the Swiss National Bank (SNB) to start intervening heavily to defend its exchange rate floor of 1.20 francs per euro. Over the medium term, the economy is expected to recover gradually. As the economy adjusts to the exchange rate appreciation, growth is projected to rise gradually back to about 2 percent over the medium term while inflation increases to about 1 percent.

Subject: Banking, Exchange rates, Financial institutions, Foreign exchange, Housing prices, Income, Inflation, Mortgages, National accounts, Prices

Keywords: CR, Debt brake rule, Eastern Europe, Economy, Exchange rates, Global, Housing prices, IMF staff estimate, Income, Inflation, Inflation prospect, ISCR, Leverage ratio requirements, Mortgages, Overvaluation, Shares staff, Staffs assessment

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/132
Stock No:

1CHEEA2015001
ISBN:

9781513553603
ISSN:

1934-7685

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