Watching for Economic Stimulus has become avid activity for many recession watches. Knowing the sectors that may be directly stimulated is of course important to businesses seeking opportunities.
- In the US, the Obama administration is seeking to get a $885b package approved by the Senate. However, in its current form, less than 30% of the package will be implemented within the first year. Its impact is estimated at 1.8% of GDP for 2009.
- Germany’s package amounts to 1.25% of GDP in 2009 and another 0.5% of GDP in 2010.
- China’s package of over 4 trillion yuan will be spread over a few years, and is estimated to be about 2% to 3% of GDP for this year.
- The UK’s £20b fiscal package amounts to about 1% of GDP in 2009. Taiwan’s NT$500b economic stimulus package, equivalent to about 4% of its GDP will be implemented over four years
This information is extracted from the 2009 Budget Debate Roundup Speech by Finance Minister THARMAN SHANMUGARATNAM, 5th February 2009.
