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Great Britain

Prime Minister Gordon Brown

Stock market performance*:
-36%

Projected change in real GDP:
2009: -2.8%
2010: 0.2%

Stimulus as percentage of 2008 GDP:
1.5%

Protectionist measures since November 15, 2008:
Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in FTSE100 from March 12, 2008, to March 12, 2009.
France

President Nicolas Sarkozy

Stock market performance*:
-43%

Projected change in real GDP:
2009: -1.9%
2010: 0.7%

Stimulus as percentage of 2008 GDP:
0.7%

Protectionist measures since November 15, 2008:
Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in CAC-40 from March 12, 2008, to March 12, 2009.
Germany

Chancellor Angela Merkel

Stock market performance*:
-41%

Projected change in real GDP:
2009: -2.5%
2010: 0.1%

Stimulus as percentage of 2008 GDP:
3.4%

Protectionist measures since November 15, 2008:
Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in DAX from March 12, 2008, to March 12, 2009.
Turkey

Prime Minister Recep Tayyip Erdogan

Stock market performance*:
-47%

Projected change in real GDP:
2009: -1.5%
2010: 3.5%

No data on stimulus available.

Protectionist measures since November 15, 2008:
none.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in ISE100 from March 12, 2008, to March 12, 2009.
Italy

Prime Minister Silvio Berlusconi

Stock market performance*:
-57%

Projected change in real GDP:
2009: -2.1%
2010: -0.1%

Stimulus as percentage of 2008 GDP:
0.3%

Protectionist measures since November 15, 2008:
Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in S&P/MIB from March 12, 2008, to March 12, 2009.
Mexico

President Felipe Calderón

Stock market performance*:
-36%

Projected change in real GDP:
2009: -0.3%
2010: 2.1%

Stimulus as percentage of 2008 GDP:
1%

Protectionist measures since November 15, 2008:
Raised tariffs on 89 U.S. products.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Mexbol from March 12, 2008, to March 12, 2009.
United States

President Barack Obama

Stock market performance*:
-41%

Projected change in real GDP:
2009: -1.6%
2010: 1.6%

Stimulus as percentage of 2008 GDP:
5.9%

Protectionist measures since November 15, 2008:
Subsidies for auto industry. Price-support subsidies for agriculture.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Dow Jones Industrial Average from March 12, 2008, to March 12, 2009.
Canada

Prime Minister Stephen Harper

Stock market performance*:
-38%

Projected change in real GDP:
2009: -1.2%
2010: 1.6%

Stimulus as percentage of 2008 GDP:
2.8%

Protectionist measures since November 15, 2008:
Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Standard & Poor’s/TSX Composite Index from March 12, 2008, to March 12, 2009.
Argentina

President Cristina Fernández de Kirchner

Stock market performance*:
-52%

Projected change in real GDP:
2009: 0.0%
2010: 1.5%

Stimulus as percentage of 2008 GDP:
1.3%

Protectionist measures since November 15, 2008:
Non-automatic licensing requirements for auto parts, textiles, TVs, toys, shoes and leather goods. Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Merval from March 12, 2008, to March 12, 2009.
Brazil

President Luiz Inácio Lula da Silva

Stock market performance*:
-37%

Projected change in real GDP:
2009: 1.8%
2010: 3.5%

Stimulus as percentage of 2008 GDP:
0.5%

Protectionist measures since November 15, 2008:
Subsidies for auto industry.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Bovespa Index from March 12, 2008, to March 12, 2009.
Australia

Prime Minister Kevin Rudd

Stock market performance*:
-38%

Projected change in real GDP:
2009: -0.2%
2010: 1.8%

Stimulus as percentage of 2008 GDP:
1.8%

Protectionist measures since November 15, 2008:
Subsidies for car dealers.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in S&P/ASX 200 from March 12, 2008, to March 12, 2009.
South Africa

President Kgalema Motlanthe

Stock market performance*:
-38%

Projected change in real GDP:
2009: 1.3%
2010: 3.5%

Stimulus as percentage of 2008 GDP:
2.6%

Protectionist measures since November 15, 2008:
none.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in FTSE/JSE from March 12, 2008, to March 12, 2009.
Saudi Arabia

King Abdullah Bin Abdul Aziz

Stock market performance*:
-56%

Projected change in real GDP:
2009: 0.8%
2010: 3.7%

Stimulus as percentage of 2008 GDP:
9.4%

Protectionist measures since November 15, 2008:
none.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in SASE IDX from March 12, 2008, to March 12, 2009.
Japan

Prime Minister Tara Aso

Stock market performance*:
-44%

Projected change in real GDP:
2009: -2.6%
2010: 0.6%

Stimulus as percentage of 2008 GDP:
2.2%

Protectionist measures since November 15, 2008:
Price-support subsidies for agriculture.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Nikkei 225 from March 12, 2008, to March 12, 2009.
China

President Hu Jintao

Stock market performance*:
-49%

Projected change in real GDP:
2009: 6.7%
2010: 8.0%

Stimulus as percentage of 2008 GDP:
4.8%

Protectionist measures since November 15, 2008:
Subsidies for auto industry. Tightened standards that banned imports of Irish pork, some Belgian chocolate, Italian brandy, British sauce, Dutch eggs and Spanish dairy products. Increased rebate on exporters duty drawback system (an export subsidy).

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Hang Seng Index from March 12, 2008, to March 12, 2009.
India

Prime Minister Manmohan Singh

Stock market performance*:
-48%

Projected change in real GDP:
2009: 5.1%
2010: 6.5%

Stimulus as percentage of 2008 GDP:
0.5%

Protectionist measures since November 15, 2008:
Ban on Chinese toy imports. Increased rebate on exporters duty drawback system (an export subsidy). Increased initiation of anti-dumping cases.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Sensex from March 12, 2008, to March 12, 2009.
Indonesia

President Susilo Bambang Yudhoyono

Stock market performance*:
-49%

Projected change in real GDP:
2009: 3.5%
2010: 4.0%

Stimulus as percentage of 2008 GDP:
2.5%

Protectionist measures since November 15, 2008:
Requirement that certain categories of goods (including garments, footwear, toys, electronics, food and beverages) will be permitted entry at only five ports and airports.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in JCI from March 12, 2008, to March 12, 2009.
Russia

President Dmitry Medvedev

Stock market performance*:
-70%

Projected change in real GDP:
2009: -0.7%
2010: 1.3%

Stimulus as percentage of 2008 GDP:
1.7%

Protectionist measures since November 15, 2008:
Increased tariffs on imported used cars.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Micex from March 12, 2008, to March 12, 2009.
South Korea

President Lee Myung-bak

Stock market performance*:
-32%

Projected change in real GDP:
2009: -4.0%
2010: 4.2%

Stimulus as percentage of 2008 GDP:
2.7%

Protectionist measures since November 15, 2008:
Support for auto component supplies. Price-support subsidies for agriculture.

Sources: CIA World Factbook, IMF, Brookings Institution (Eswar Prasad), World Bank and International Trade Administration.
* Change in Kospi from March 12, 2008, to March 12, 2009.

G20 Countries Seek Calmer Waters (State Dept.)

Great Britain

France

Germany

Turkey

Italy

Mexico

United States

Canada

Argentina

Brazil

Australia

South Africa

Saudi Arabia

Japan

China

India

Indonesia

Russia

South Korea