y Agenda y Pics y Summary .

.25 trillion worth of securities issued by mortgage finance companies Fannie Mae and Freddie Mac by the end of the year. ‡ To push down mortgage rates Fed plans to buy $1. ‡ $787-billion economic stimulus package as well as a series of massive lending programmes to help revive the banking sector.Steps Taken By USA ‡ Program to buy Treasury securities worth $300 billion.

with a closely watched bank lending rate near zero.25 percent. . ‡ The central bank held interest rates steady at record lows.‡ The target range for bank lending rate is zero to 0.

Steps Taken By Japan y The growth comes after 4 consecutive quarters of contraction y Massive government stimulus ($260 billion) helped to boost the economy. y Cash handouts. . subsidies to buy energy efficient cars etc.

. y The shift in the power from LJP to DJP will be a relief. but it might just create instability during crucial times of economic recovery.3% during the quarter due to increase in the demand from China.y Japan s recovery hinges largely on its overseas markets. which are showing signs of stabilizing y Overall exports up 6. y Emergency Guarantee Programme to prevent bankruptcy in rural areas.

y The recovery may not be sustained once the $ 2 trillion in worldwide stimulus that propped up sales for exporters runs out. . y 40 % of the factories still sit idle forcing them to cut cost and so slay off employment. y The growth we re seeing is based on government spending and a rebound from the very low level in the previous quarter.

y The situation is still fragile with investment banks and stock prices . as well as government stimulus packages. contributed to the growth.Steps taken by Europe y Stronger exports and consumer spending. y Growth is boasted by the fact that imports fell shortly. y France and Germany were less hit comparatively because financial sectors account for smaller proportion of their economy.

9% to the GDP figure. together with falling prices. . y Foreign trade contributed rate of 7% due to growth in the demand from China. y Imports declined sharply than exports. were helping consumers.4%.Steps taken by France and Germany FRANCE y Household consumption GERMANY y It went into recession because increased by 0. government expenditure. y Government incentive exports collapsed. y Exports have grown at the schemes for trading in old cars. y Increase in household and 0.


y Providing an impetus to private investors for a public private partnership (PPP).Steps taken by Australia y Govt .5 billion for infrastructure projects and cash supports for lower income families.25% and also reduced petrol prices. has given a stimulus package of $26. y Plan aimed to support 90.000 jobs while boosting economic growth . y Australia's central bank has cut interest rates from 7% to 3.

y The stimulus package boosted public spending to a mammoth $19.3 billion. y Retails sales went up . .

y http://www.com/doc/8154566/Recession-in- India .scribd.

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