{ "title": "Switzerland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland", "publication": "IMF Staff Country Reports, December 15, 2016", "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462", "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462", "overlayPath": "/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/index.md", "summary": "This 2016 Article IV Consultation highlights that the economy of Switzerland withstood relatively well the sharp appreciation that followed the exit from the exchange rate floor. Economic performance has continued to firm in 2016 with support from domestic and external demand.", "publishDate": "2016-12-15", "series": "IMF Staff Country Reports", "sections": [ { "heading": "Economic performance and outlook", "content": "- The economy of Switzerland \"withstood relatively well the sharp appreciation that followed the exit from the exchange rate floor.\"\n- Economic performance \"has continued to firm in 2016 with support from domestic and external demand.\"\n- GDP growth is forecast to reach 1.5 percent in 2016.\n- GDP growth is forecast to stabilize at 1.7 percent \"over the medium term.\"\n- Inflation is expected to return to positive territory in 2017 and to \"continue to rise to the middle of the target band.\"" }, { "heading": "Key risks to the outlook", "content": "- Resurgence in global financial market volatility.\n- Renewed concerns about the financial health of large global banks.\n- Changes in Swiss–European Union economic relations." }, { "heading": "Subjects and policy-relevant themes covered", "content": "- Banking\n- Central bank policy rate\n- Exchange rates\n- Financial institutions\n- Financial services\n- Foreign exchange\n- Housing prices\n- Mortgages\n- National accounts\n- Prices\n- Public debt" }, { "heading": "Keywords and technical terms highlighted", "content": "- brake rule\n- Central bank policy rate\n- CR\n- debt\n- Exchange rates\n- FSI website\n- Global\n- Housing prices\n- IMF staff estimate\n- interest rate\n- interest rate environment\n- ISCR\n- Mortgages\n- output gap\n- price development\n- risk" }, { "heading": "Publication metadata (selected)", "content": "- Pages: 65\n- Volume: 2016\n- Issue: 381\n- Series: Country Report No. 2016/381\n- DOI: https://doi.org/10.5089/9781475560398.002\n- ISBN: 9781475560398\n- ISSN: 1934-7685\n- Publication date on page: December 15, 2016\n\nSwitzerland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland, IMF Staff Country Reports 2016, 381 (2016).\n\n---\n\n Content in this bundle\n\n- Cr16381\n - Cr16381 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462" } ], "bullets": [ "[Markdown version](/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/index.md)", "[Structured JSON version](/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/index.json)", "[Bundle manifest](/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/bundle-manifest.json)", "Published: December 15, 2016", "Series: IMF Staff Country Reports", "DOI: https://doi.org/10.5089/9781475560398.002", "The economy of Switzerland \"withstood relatively well the sharp appreciation that followed the exit from the exchange rate floor.\"", "Economic performance \"has continued to firm in 2016 with support from domestic and external demand.\"", "GDP growth is forecast to reach 1.5 percent in 2016.", "GDP growth is forecast to stabilize at 1.7 percent \"over the medium term.\"", "Inflation is expected to return to positive territory in 2017 and to \"continue to rise to the middle of the target band.\"", "Resurgence in global financial market volatility.", "Renewed concerns about the financial health of large global banks.", "Changes in Swiss–European Union economic relations.", "Banking", "Central bank policy rate", "Exchange rates", "Financial institutions", "Financial services", "Foreign exchange", "Housing prices", "Mortgages", "National accounts", "Prices", "Public debt", "brake rule", "Central bank policy rate", "CR", "debt", "Exchange rates", "FSI website", "Global", "Housing prices", "IMF staff estimate", "interest rate", "interest rate environment", "ISCR", "Mortgages", "output gap", "price development", "risk", "Pages: 65", "Volume: 2016", "Issue: 381", "Series: Country Report No. 2016/381", "DOI: https://doi.org/10.5089/9781475560398.002", "ISBN: 9781475560398", "ISSN: 1934-7685", "Publication date on page: December 15, 2016", "**Cr16381**" ], "related": [ { "title": "Cr16381", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16381.pdf", "binary": { "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16381.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/index.md", "json": "/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/index.json", "bundleManifest": "/en/publications/cr/issues/2016/12/31/switzerland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44462/bundle-manifest.json" }, "generatedAtUtc": "2026-09-23T00:12:57.483Z" }