2008 Economic Stimulus Package

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About economic stimulus package
An economic stimulus package is a form of financial relief that is provided to a weaker sector of an economy when a recession occurs. Economy stimulus packages have become extremely important in present day scenario of global financial crisis of 2008 fiscal.

Economic stimulus package of Japan


About economic stimulus package
An economic stimulus package is a form of financial relief that is provided to a weaker sector of an economy when a recession occurs. Economy stimulus packages have become extremely important in present day scenario of global financial crisis of 2008 fiscal.

Economic stimulus package of Japan
Stimulus package economy of Japan is in its developmental stages at present, as authorities are making an effort to finalize several critical details. This particular economic stimulus package is addressing inability of Japanese populace to deal with prices of food and fuels that are going up at a steady rate.

Economic stimulus package of Philippines
Economic stimulus package of Philippines is targeting areas such as middle class families as well as consumption of electricity. As per official reports aggregate value of this particular economic stimulus package is 75 billion pesos.

Economic stimulus package of South Korea
On 3rd November, 2008 national government of South Korea had announced an economic stimulus package worth 14 trillion won, which is equivalent of US$11 billion. 14 days before announcement of this particular economic stimulus package, another economic stimulus package had been announced too.

Economic stimulus package of Spain
Spain’s housing market has been facing problems in last few months after global financial crisis struck United States of America. National government of Spain had decided on 18th April 2008 to bring forth an economic stimulus package that would be worth 18 billion Euros. Since onset of global financial crisis, economy of Spain has been experiencing a slowdown of sorts and Spanish government is trying to address that problem as well through their economic stimulus package.

Economic stimulus package of United States of America
In United States of America, economic stimulus package has been given shape of a legislation by making it an act. Global financial crisis of financial year 2008 has affected United States most and a number of reputed financial organizations like Lehman Brothers have gone out of business. In a nutshell, American economy is in significantly poor shape and a radical economic overhaul is necessary in order to bring things back to order. This economic stimulus law is being thought of as a step in that direction.
 

 

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