Switzerland : 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

Author/Editor:

International Monetary Fund

Publication Date:

May 26, 2009

Electronic Access:

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Summary:

Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect. Along with a sharp contraction in exports, investments are now being postponed. Consumption has held up well so far, but as unemployment rises, household spending will lose momentum. The Swiss National Bank has appropriately loosened monetary policy, bringing the policy rates almost to zero. Maintaining financial stability will be essential for ensuring macroeconomic stability and growth in Switzerland.

Series:

Country Report No. 09/164

Subject:

English

Publication Date:

May 26, 2009

ISBN/ISSN:

9781451807417/1934-7685

Stock No:

1CHEEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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