Steps Taken By USA• Program to buy Treasury securities worth $300

billion.

• To push down mortgage rates Fed plans to buy $1.25

trillion worth of securities issued by mortgage finance

companies Fannie Mae and Freddie Mac by the end of

the year.

• $787-billion economic stimulus package as well as a

series of massive lending programmes to help revive

the banking sector.

• The target range for bank lending rate is zero to 0.25

percent.

• The central bank held interest rates steady at record

lows, with a closely watched bank lending rate near

zero.

Steps Taken By JapanThe growth comes after 4 consecutive quarters of

contraction

Massive government stimulus

($260 billion) helped to boost

the economy.

Cash handouts, subsidies to

buy energy efficient cars etc.

Japan’s recovery hinges largely on its overseas

markets, which are showing signs of stabilizing

Overall exports up 6.3% during the quarter due to

increase in the demand from China.

Emergency Guarantee Programme to prevent

bankruptcy in rural areas.

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.

The recovery may not be sustained once the $ 2

trillion in worldwide stimulus that propped up sales

for exporters runs out.

40 % of the factories still sit idle forcing them to cut

cost and so slay off employment.

The growth we’re seeing is based on government

spending and a rebound from the very low level in the

previous quarter.

Steps taken by EuropeStronger exports and consumer spending, as well as

government stimulus packages, contributed to the

growth.

France and Germany were less hit comparatively

because financial sectors account for smaller

proportion of their economy.

Growth is boasted by the fact that imports fell shortly.

The situation is still fragile with investment banks and

stock prices

Steps taken by France and Germany

FRANCE GERMANY

Household consumption

increased by 0.4%.

Government incentive

schemes for trading in old

cars, together with falling

prices, were helping

consumers.

Foreign trade contributed

0.9% to the GDP figure.

It went into recession

because exports collapsed.

Exports have grown at the

rate of 7% due to growth

in the demand from China.

Imports declined sharply

than exports.

Increase in household and

government expenditure.

Steps taken by AustraliaGovt . has given a stimulus package of $26.5 billion

for infrastructure projects and cash supports for

lower income families.

Providing an impetus to private investors for a public

private partnership (PPP).

Australia's central bank has cut interest rates from 7%

to 3.25% and also reduced petrol prices.

Plan aimed to support 90,000 jobs while boosting

economic growth

The stimulus package boosted public spending to a mammoth $19.3 billion.

Retails sales went up .

Brazil:Abandons its tax on foreign investment.Plans to sell $50bn in dollar swap futures contracts to defend currency.

Russia:950bn Rouble long term funding to Banks1.3trillion Rouble to State-run Vnesheconombank to service Russian Banks’ foreign loans

ChinaAbandons its tax on foreign investmentPlans to sell $50bn in dollar swap futures contracts to defend currency