Switzerland: Staff Report for the 2015 Article IV Consultation
Electronic Access:
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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.
Series:
Country Report No. 2015/132
Subject:
Banking Exchange rates Financial institutions Foreign exchange Housing prices Income Inflation Mortgages National accounts Prices
English
Publication Date:
May 27, 2015
ISBN/ISSN:
9781513553603/1934-7685
Stock No:
1CHEEA2015001
Pages:
72
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