Switzerland: Recent Economic Developments

International Monetary Fund

No 1995/022, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: nominal GDP; exchange rate; fourth quarter; current account; real GDP; output gap; official development assistance; Monetary base; Employment; Unemployment; Short term interest rates; Current account surpluses; Europe; Global; price deflator; equity price; staff team of the International Monetary Fund; IMF UR; factor income balance; consumer confidence; Economic recession; Inflation (search for similar items in EconPapers)
Pages: 70
Date: 1995-03-14
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