{
  "title": "Switzerland: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Switzerland",
  "publication": "IMF Staff Country Reports, June 26, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/26/switzerland-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47033",
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  "summary": "The Swiss economy has performed relatively well since the global financial crisis. Growth compares favorably with most other advanced countries and aggregate employment has grown robustly.",
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    {
      "heading": "Overview",
      "content": "- The Swiss economy has performed relatively well since the global financial crisis.\n- Growth compares favorably with most other advanced countries and aggregate employment has grown robustly.\n- The fiscal position is strong and the external trade surplus remains large and stable despite several episodes of intense appreciation pressure owing to the Swiss franc’s reputation as a safe haven."
    },
    {
      "heading": "Economic outlook and risks",
      "content": "- Growth is expected to temporarily dip to 1.1 percent in 2019 on weakness in external demand.\n- Risks to the outlook are tilted down."
    },
    {
      "heading": "Policy challenges and implications",
      "content": "- Low interest rates are fueling risks in the real estate and mortgage markets.\n- Persistent subdued inflation has decreased the operational space for monetary policy.\n- Population aging and technological change will require further upskilling and generate new demands for public resources.\n\nInternational Monetary Fund. Switzerland: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Switzerland, June 26, 2019.\n\n---\n\n Content in this bundle\n\n- 1cheea2019001\n  - 1cheea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1cheea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 26, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498321488.002",
    "The Swiss economy has performed relatively well since the global financial crisis.",
    "Growth compares favorably with most other advanced countries and aggregate employment has grown robustly.",
    "The fiscal position is strong and the external trade surplus remains large and stable despite several episodes of intense appreciation pressure owing to the Swiss franc’s reputation as a safe haven.",
    "Growth is expected to temporarily dip to 1.1 percent in 2019 on weakness in external demand.",
    "Risks to the outlook are tilted down.",
    "Low interest rates are fueling risks in the real estate and mortgage markets.",
    "Persistent subdued inflation has decreased the operational space for monetary policy.",
    "Population aging and technological change will require further upskilling and generate new demands for public resources.",
    "**1cheea2019001**"
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