Switzerland: 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
June 18, 2004
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This 2004 Article IV Consultation highlights that there are signs that the economy of Switzerland has started to grow again on the back of stronger exports and domestic investment and supported by accommodative monetary and fiscal policies. Unemployment has risen, but at 4 percent is low by international standards. Inflation remains negligible and the current account is running a large surplus. Executive Directors have commended the authorities’ sound macroeconomic policies that have placed the Swiss economy in a good position to benefit from the nascent global recovery.
Subject: Banking, Economic sectors, Expenditure, Financial sector, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt
Keywords: accommodative monetary policy, authority, CR, EU cohesion fund, EU cohesion fund., Financial sector, Fiscal stance, Global, Inflation, ISCR, monetary policy, monetary policy stance, ODA share, SNB inflation
Pages:
48
Volume:
2004
DOI:
Issue:
166
Series:
Country Report No. 2004/166
Stock No:
1CHEEA0012004
ISBN:
9781451807219
ISSN:
1934-7685
