Switzerland: Economic recovery continues with high level of uncertainties
2010-05-22 08:05 -Executive Board of the International Monetary Fund (IMF) has in an assessment commended the authorities of Switzerland for strong macroeconomic fundamentals and pro-active policy response which contributed to the resilience of the economy during the global crisis. Economic recovery is ongoing although uncertainties relating to external developments persist. In the absence of near-term threats to price and public finance stability, Directors supported a cautious exit from the current accommodative fiscal and monetary stance.