Switzerland: Recent Economic Developments

May 7, 1996

Summary

This paper reviews economic developments in Switzerland during 1990–95. In the early 1990s, Switzerland experienced an unusually long recession, which bottomed out in the middle of 1993. Since then, the economy has returned to positive growth, with the main impulses coming from commodity exports and private investment. There was renewed growth in gross capital formation of close to 6 percent in 1994, reflecting improved business confidence deriving mainly from growing export orders. Investment in machinery and equipment, in particular, was the sole component of domestic demand to grow strongly.

Subject: Exchange rates, Foreign exchange, Labor, Monetary base, Money, Unemployment, Unemployment rate, Wages

Keywords: appreciation, balance of payments, competition law, CR, debt ratio, Europe, exchange rate appreciation, Exchange rates, federal deficit, GDP deflator, General government development, goods price, government, inflation, inflation rate, ISCR, Monetary base, net, target path, Unemployment, Unemployment rate, Wages

Pages:
51
Volume:
1996
DOI:
https://doi.org/10.5089/9781451807134.002
Issue:
031
Series:
Country Report No. 1996/031
Stock No:
1CHEEA0011996
ISBN:
9781451807134
ISSN:
1934-7685

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Notes

This report 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.

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