Switzerland; 2005 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

This 2005 Article IV Consultation highlights that the Swiss economy has returned to growth with supportive external demand and domestic policies. However, the recovery has been fragile, and business indicators suggest that activity is currently experiencing a soft patch. The IMF staff projects growth of 1Â¼ percent in 2005, from 1.7 percent in 2004, with some risks on the downside if demand from partner countries were to falter. Potential growth is estimated at 1Â½ percent and is projected to decline in the medium term to Â¾ percent as a result of population aging.

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Year of publication:	2005-06-10
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Economic conditions \| Economic indicators \| Staff Reports \| pension \| fiscal policy \| public finances \| pension funds \| fiscal adjustment \| pillar pension \| insurance companies \| tax revenue \| public debt \| health care \| retirement \| fiscal consolidation \| pension system \| government deficit \| fiscal sustainability \| retirement age \| fiscal policies \| health care system \| national accounts \| fiscal framework \| pension liabilities \| fiscal balance \| fiscal deficit \| pensions \| pensioners \| long-term fiscal sustainability \| expenditure cuts \| structural fiscal \| labor force \| fiscal statistics \| budgetary funds \| government revenue \| capital expenditure \| fiscal federalism \| public expenditures \| tax increases \| expenditure growth \| life insurance \| asset managers \| risk management \| government expenditure \| pension schemes \| nominal wage \| federal fiscal policy \| insurance supervision \| pension entitlements \| budgetary constraints \| value of pension \| old age pensions \| structural adjustment \| intergovernmental fiscal relations \| supervisory authority \| dependency ratio \| fiscal outlook \| national account \| survivors insurance \| fiscal strategy \| fiscal frameworks \| fiscal policy frameworks \| second pension \| mutual funds \| private sector representatives \| fiscal policy coordination \| fiscal prudence \| intergovernmental fiscal \| annuity conversion \| life insurers \| replacement rate \| accumulated savings \| pension plans \| supervisory framework \| fiscal pressures \| fiscal accounts \| government spending \| guaranteed returns \| government fiscal deficit \| aggregate demand \| tax revenues \| fiscal relations \| general government expenditure

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/190 6 pages long
Source:	RePEc - Research Papers in Economics

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