Switzerland: 2002 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
June 3, 2002
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This 2002 Article IV Consultation highlights that the economy of Switzerland cooled in 2001 as business investment fell and exports were hit by the global slowdown and an appreciation of the Swiss franc. Real GDP growth dropped to 1.3 percent, unemployment edged up, and the external current account surplus declined to 10 percent of GDP. The IMF staff projects that real GDP will grow by just under 1 percent in 2002 on the back of a global recovery in the second half of the year and effects of the monetary easing in 2001.
Subject: Economic sectors, Exchange rates, Financial sector, Financial Sector Assessment Program, Financial sector policy and analysis, Foreign exchange, Inflation, Prices, Public debt
Keywords: authority, CR, debt brake, Europe, exchange rate appreciation, Exchange rates, Financial sector, Financial Sector Assessment Program, FSAP exercise, Global, IMF staff project real GDP, IMF staff projection, Inflation, inflation outlook, insurance supervision legislation, ISCR, monetary policy, monetary policy stance
Pages:
39
Volume:
2002
DOI:
Issue:
106
Series:
Country Report No. 2002/106
Stock No:
1CHEEA0012002
ISBN:
9781451807196
ISSN:
1934-7685
