Switzerland: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Switzerland

Publication Date: May 28, 2014
Electronic Access: Free Full text (PDF file size is 1,212KB).
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Summary: This 2014 Article IV Consultation outlines that the growth of the Swiss economy has gathered pace, but inflation remains close to zero. The recovery is expected to continue and inflation should rise gradually although the output gap will progressively close. The fiscal position is healthy, with a broadly neutral stance projected for 2014. Despite improved market confidence toward the euro area and tapering in the United States, the exchange rate has remained close to the floor. The authorities have taken several measures to contain risks, including raising the countercyclical capital buffer and adopting prudential measures to tighten lending standards and conditions.
Series: Country Report No. 14/142
Subject(s): Article IV consultation reports | Economic growth | Immigration | Labor mobility | Banking sector | Housing | Monetary policy | Bank supervision | Economic indicators | Staff Reports | Press releases | Switzerland

Publication Date: May 28, 2014
ISBN/ISSN: 9781498312967/1934-7685 Format: Paper
Stock No: 1CHEEA2014001 Pages: 53
US$18.00 (Academic Rate:
US$18.00 )
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