Switzerland : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 18, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2018 Article IV Consultation highlights the Swiss economy’s adjustment to large cumulative exchange rate appreciation since the global financial crisis. After a subdued start to 2017, GDP growth accelerated to 1.1 percent in 2017, and the positive momentum continued in the first quarter of 2018, although at a slightly reduced pace. The improved external outlook, together with the depreciation since mid-2017, is expected to energize the economy and lift GDP growth to 2.25 percent in 2018, before it gradually moderates to 1.75 percent over the medium term. Inflation is expected to increase to the upper half of the target band in 2018–19 and subsequently to revert to the midpoint.

Series:

Country Report No. 18/173

Subject:

English

Publication Date:

June 18, 2018

ISBN/ISSN:

9781484362167/1934-7685

Stock No:

1CHEEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

65

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