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""Table of contents""; ""Basic statistics of Switzerland""; ""Executive summary""; ""Assessment and recommendations""; ""The economic recovery has been broadly balanced but risks to the outlook have increased""; ""Figure 1. Real GDP growth and its main contributors""; ""Figure 2. Macroeconomic indic...

""Monetary policy needs to remain expansionary""""Fiscal policy should remain prudent""; ""Incentives for households to leverage their wealth should be reduced""; ""Figure 4. Household assets and liabilities in high-income OECD countries, 2009 ""; ""Changes in the tax structure could strengthen pote...

""Table 2. Banks� total assets in per cent of GDP""""Macroprudential considerations need to be incorporated effectively in prudential regulation""; ""Some reform of the regulatory framework for the small banks active in domestic lending markets would help reduce potential risks further""; ""Box 2...

""The implicit carbon price in road transport is low""""The policy mix in the residential sector can be made more cost effective""; ""Linking the Swiss and the EU emission trading system will help, but steps are required in the transition to the new system""; ""Box 3. Three key recommendations on re...

""Figure 1.1. Swiss tax and compulsory contribution revenues in comparison to tax revenues in neighbouring countries""""Figure 1.2. Expenditure by level of government""; ""Box 1.1. Tax setting powers""; ""Making the tax system more supportive of growth""; ""Shifting taxation from direct to indirect...

""Figure 1.4. Total contribution wedge and total tax wedge on labour income by main family type and wage levels in international comparison""