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

IMF Staff Country Reports, December 15, 2016

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

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Bibliographic details

• Published: December 15, 2016
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475560398.002

Economic performance and outlook

• 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.
• GDP growth is forecast 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."

Key risks to the outlook

• Resurgence in global financial market volatility.
• Renewed concerns about the financial health of large global banks.
• Changes in Swiss–European Union economic relations.

Subjects and policy-relevant themes covered

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

Keywords and technical terms highlighted

• 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 metadata (selected)

• Pages: 65
• Volume: 2016
• Issue: 381
• Series: Country Report No. 2016/381
• DOI: https://doi.org/10.5089/9781475560398.002
• ISBN: 9781475560398
• ISSN: 1934-7685
• Publication date on page: December 15, 2016

Switzerland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland, IMF Staff Country Reports 2016, 381 (2016).

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