On November 9, 2008 Chinese government announced a stimulus package of 4 trillion yuan, or $585 billion, to tackle challenges posed to its economy by global economic slowdown. China’s government also promised to ensure that this stimulus package is used in a most effective manner over a two-year period. Money would be used to improve important areas like livelihood of people living in rural areas and houses for low-income earners.
Infrastructure projects
About Canada economic stimulus
As per reports of 15th December, 2008 shipbuilding is going to be an important part of Canada economic stimulus package.
An important and rather interesting aspect of this economic stimulus Canada package, is that money is not being spent on new projects but ones that have been in pipeline for some time now.
As per India economic review, Indian economy has been among one of leading performers in global economic scenario. However, there have been a couple of problems like inflation that have offset progress of Indian economy in recent times
Growth of Indian economy
China has played a very critical role in boosting South-East Asian economy. It’s growth story has been quite remarkable. Many experts predict that Chinese economy will overtake US’ economy by year-2035. However it is important to review that prediction, given effects of global economic slowdown on Chinese economy.
How has China coped with global economic crisis?
Japan has been registering positive economic growth despite global economic crisis pressures. But like any of other countries, Japan too has been significantly affected by current financial crisis. Growth predictions for Japan are on a lower side, considering its capabilities to ward off adverse effects of global economic crisis. Japan economic reviews presents a better picture of this nation’s economic condition.
Japan’s GDP growth review
