| Description |
1 online resource (65 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 16/381 |
|
IMF country report ; no. 16/381.
|
| Summary |
The economy has adapted well to the appreciation that followed the exit from the exchange floor. Growth is expected to reach 1½ percent this year and to stabilize at around 1¾ percent over the medium term. A resurgence of capital inflows, a sharp adjustment in property prices, renewed concerns over large global banks and changes to Swiss-EU relations pose risks to this outlook. The two-pronged approach to monetary policy helped avert a prolonged slowdown and sustained deflation by limiting further appreciation, with some support from fiscal policy. Elevated exposure to mortgage debt continues, and low interest rates could rekindle a credit-driven upswing in house prices. Population aging and slower immigration will create funding gaps in the public pension system, while minimum mandated interest rates for private pensions that exceed market rates could affect viability. The Swiss systemically-important global banks are continuing to build their financial strength. Corporate tax reform is expected to trim future tax revenue |
| Notes |
"December 2016." |
|
Author statement from IMF website: author/editor: International Monetary Fund, European Dept |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from pdf title page (IMF website, viewed February 13, 2017) |
| Subject |
International Monetary Fund -- Switzerland
|
| SUBJECT |
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Banks and banking -- Switzerland
|
|
Economic development -- Switzerland
|
|
Fiscal policy -- Switzerland
|
|
Housing -- Prices -- Switzerland
|
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Monetary policy -- Switzerland
|
|
Banks and banking.
|
|
Economic development.
|
|
Economic policy.
|
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Fiscal policy.
|
|
Housing -- Prices.
|
|
Monetary policy.
|
| SUBJECT |
Switzerland -- Economic policy
|
| Subject |
Switzerland.
|
| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
|
International Monetary Fund. European Department, author.
|
| ISBN |
1475560397 |
|
147556046X |
|
9781475560398 |
|
9781475560466 |
|
