Switzerland:Recent Economic Developments

Author: International Monetary Fund

Recent Economic Developments

Volume/Issue: Volume 1995 Issue 022

Publication date: March 1995

ISBN: 9781451807127

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , Banks and Banking , Exports and Imports , Inflation , Labor , Economics- Macroeconomics , Money and Monetary Policy , 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

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Summary

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.