## Switzerland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland

_IMF Staff Country Reports, June 18, 2018_

## Source details

**Canonical URL:** [Switzerland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland](https://www.imf.org/en/publications/cr/issues/2018/06/18/switzerland-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45994)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/06/18/switzerland-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45994/index.md)
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## Bibliographic details
- Published: June 18, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362167.002

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### Economic adjustment and recent performance
- The Swiss economy has adjusted to the large cumulative exchange rate appreciation that took place since the global financial crisis.
- After a subdued start to 2017, GDP growth accelerated to 1.1 percent in 2017.
- Positive momentum continued in Q1:2018, although at a slightly reduced pace.

### Growth projections and outlook
- The improved external outlook, together with the depreciation since mid-2017, are expected to energize the economy and lift GDP growth to 2.25 percent in 2018.
- Growth is projected to gradually moderate to 1.75 percent over the medium term.

### Inflation outlook
- Inflation is expected to increase to the upper half of the target band in 2018–19.
- Inflation is expected subsequently to revert to the mid-point.

### Key thematic areas covered
- Banking
- Corporate income tax
- Exchange rates
- Financial institutions
- Foreign exchange
- Income
- Inflation
- Mortgages
- National accounts
- Prices
- Taxes

*Source: Switzerland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18173.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18173.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/06/18/switzerland-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45994_