02335cas a2200289 a 4500 AALejournalIMF021841 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513585604 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Switzerland : 2021 Article IV consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Switzerland. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (69 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Switzerland has navigated the COVID-19 pandemic well. The pandemic has had major social and economic impacts, but an early, strong, and sustained health and economic policy response helped contain the contraction of activity. Coordinated efforts targeting households and firms stemmed a loss of purchasing power and a rise of unemployment and bankruptcies. Recovery has commenced, but uncertainty and risks remain high, dominated by pandemic dynamics. The rebound should deepen, as vaccination proceeds, containment is eased, and domestic and global demand picks up. Fiscal support has been rightly extended in 2021, and monetary policy remains accommodative. Policies should remain supportive until there are clear signs of sustained recovery; the authorities should expand support if needed. Redirection to fostering green, digital transformation with attention to low-income earners will be needed, including to ensure that prolonged emergency support does not hinder structural changes in the economy. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Switzerland imf IMF Staff Country Reports; Country Report ; No. 2021/130 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/130/002.2021.issue-130-en.xml IMF e-Library