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Switzerland: Recent Economic Developments

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 1995. "Switzerland: Recent Economic Developments," IMF Staff Country Reports 1995/022, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:1995/022
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