Switzerland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland
IMF Staff Country Reports, June 18, 2018
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- Switzerland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland
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Bibliographic details
- Published: June 18, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362167.002
Economic adjustment and recent performance
- The Swiss economy has adjusted to the large cumulative exchange rate appreciation that took place since the global financial crisis.
- After a subdued start to 2017, GDP growth accelerated to 1.1 percent in 2017.
- Positive momentum continued in Q1:2018, although at a slightly reduced pace.
Growth projections and outlook
- The improved external outlook, together with the depreciation since mid-2017, are expected to energize the economy and lift GDP growth to 2.25 percent in 2018.
- Growth is projected to gradually moderate to 1.75 percent over the medium term.
Inflation outlook
- Inflation is expected to increase to the upper half of the target band in 2018–19.
- Inflation is expected subsequently to revert to the mid-point.
Key thematic areas covered
- Banking
- Corporate income tax
- Exchange rates
- Financial institutions
- Foreign exchange
- Income
- Inflation
- Mortgages
- National accounts
- Prices
- Taxes
Source: Switzerland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland
Content in this bundle
- Country Report