Switzerland: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Switzerland, and Informational Annex

International Monetary Fund

No 2010/140, IMF Staff Country Reports from International Monetary Fund

Abstract: Switzerland was hard hit by the global crisis; however, the 1.5 percent contraction in 2009 compares favorably with most industrial countries. This 2010 Article IV Consultation highlights that after a year-long decline in real GDP, the economy exited the recession in mid-2009. In response to the crisis, the authorities took a series of actions in a broad range of policy areas. Financial sector measures also helped to stabilize financial markets and reduce systemic risk. The authorities are now contemplating how to exit from the current accommodative stance.

Keywords: ISCR; CR; government; SNB; FINMA memorandum of understanding; risk diversification requirement; economy; liquidity standard; policy dialogue; economic statistics; Income; Real estate prices; Inflation; Global (search for similar items in EconPapers)
Pages: 140
Date: 2010-05-20
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