GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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22:05 Apr 2, 2014 |
German to English translations [PRO] Bus/Financial - Economics | |||||||
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| Selected response from: David Hollywood Local time: 18:55 | ||||||
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Summary of answers provided | ||||
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3 +2 | strong external position |
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5 | ranking of the country |
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Discussion entries: 1 | |
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strong external position Explanation: www.alacrastore.com/.../Research-Update-Switzerland-Ratings-Affirmed-At-AAA-A-1-Outlook-Stable-1224711En caché6 Dec 2013 ... Research Update: Switzerland Ratings Affirmed At 'AAA/A-1+'; Outlook ... with a strong external position and significant monetary flexibility. -------------------------------------------------- Note added at 2 hrs (2014-04-03 00:42:46 GMT) -------------------------------------------------- The Swiss Confederation has a prosperous, competitive, and diversified economy with a strong external position and significant monetary flexibility. We are therefore affirming our 'AAA/A-1+' long- and short-term sovereign credit ratings on Switzerland. -------------------------------------------------- Note added at 2 hrs (2014-04-03 00:47:20 GMT) -------------------------------------------------- here's an IMF ref to back it up: Switzerland—2009 Article IV Consultation Conclusions of the Mission March 9, 2009 1. Despite strong economic fundamentals, Switzerland cannot escape the impact of the global crisis. In recent years, the Swiss economy has experienced high growth, low unemployment and modest inflation, with strong fiscal and external positions. However, its openness, both in trade and financial relations, means that the domestic economy cannot be isolated from foreign shocks. The transmission runs through two main channels: a financial channel, including the impact of the crisis on the balance sheets of financial institutions and business models looking forward; and a trade channel, through which the global slowdown affects demand for exports. Both the financial and real shocks associated with the crisis have a major impact on the outlook for the Swiss economy. -------------------------------------------------- Note added at 2 hrs (2014-04-03 00:47:42 GMT) -------------------------------------------------- http://www.imf.org/external/np/ms/2009/030909.htm |
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18 hrs confidence:
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