Switzerland: Recent Economic Developments
March 14, 1995
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This paper describes economic developments in Switzerland during the 1990s. Between 1990 and 1993, real GDP fell by a cumulative 1¼ percent. The tightening of monetary policy in response to rising inflation in the late 1980s induced a contraction in domestic demand that sent the economy into decline in 1991. This decline was prolonged by the downturn of other European economies during 1992–93, although the latter had only a modest effect on Swiss exports, which continued to grow slowly.
Subject: Balance of payments, Economic growth, Financial services, International organization, Labor, Monetary policy, Money, Prices
Keywords: consumer confidence, current account, Current account surpluses, Economic recession, Employment, equity price, Europe, exchange rate, factor income balance, fourth quarter, Global, IMF UR, Inflation, Monetary base, nominal GDP, official development assistance, output gap, price deflator, real GDP, Short term interest rates, staff team of the International Monetary Fund, Unemployment
Pages:
70
Volume:
1995
DOI:
Issue:
022
Series:
Country Report No. 1995/022
Stock No:
1CHEEA0011995
ISBN:
9781451807127
ISSN:
1934-7685
Notes
This report on recent economic developments in Switzerland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
