Switzerland: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Switzerland
Electronic Access:
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Summary:
The Swiss economy has performed relatively well since the global financial crisis. Growth compares favorably with most other advanced countries and aggregate employment has grown robustly. The fiscal position is strong and the external trade surplus remains large and stable despite several episodes of intense appreciation pressure owing to the Swiss franc’s reputation as a safe haven. Growth is expected to temporarily dip to 1.1 percent in 2019 on weakness in external demand. Risks to the outlook are tilted down. Switzerland is also facing several policy challenges: low interest rates are fueling risks in the real estate and mortgage markets; persistent subdued inflation has decreased the operational space for monetary policy; and population aging and technological change will require further upskilling and generate new demands for public resources.
Series:
Country Report No. 2019/180
Subject:
Banking Corporate income tax Expenditure Fiscal policy Income National accounts Public debt Taxes
English
Publication Date:
June 26, 2019
ISBN/ISSN:
9781498321488/1934-7685
Stock No:
1CHEEA2019001
Pages:
65
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