Switzerland : 2015 article IV consultation: staff report: press release: and statement by the Executive Director for Switzerland /
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Corporate author / creator: | International Monetary Fund. |
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Imprint: | Washington, District of Columbia : International Monetary Fund, 2015. |
Description: | 1 online resource (73 pages) : illustrations, tables. |
Language: | English |
Series: | IMF Country Reports ; Number 15/134 IMF country report ; no. 15/134. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12505016 |
Summary: | This 2015 Article IV Consultation highlights that Switzerland's economy has performed relatively well in the aftermath of the global financial crisis, with growth reaching 2 percent in 2014. However, the economic environment became more complicated in late 2014, as increased capital inflows forced the Swiss National Bank (SNB) to start intervening heavily to defend its exchange rate floor of 1.20 francs per euro. Over the medium term, the economy is expected to recover gradually. As the economy adjusts to the exchange rate appreciation, growth is projected to rise gradually back to about 2 percent over the medium term while inflation increases to about 1 percent. |
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Physical Description: | 1 online resource (73 pages) : illustrations, tables. |
ISBN: | 9781513553603 1513553607 9781513507590 1513507591 |