The governments of advanced countries took swiftly the measures for boosting their real economies which dampened in the aftermath of global financial crisis. U.S. government took stance of zero interest rate policy keeping federal fund rate in the range of 0∼0.25% and implemented the financial rescue packages which prepared liquidity supply vehicles such as AMLF and TALF, and provided the deteriorated financial institutions like AIG, Citi Group and the biggest three automobile companies in danger of bankruptcy with the funds raised by TARP totally amounting to US$ 700 billion. The Bank of Japan lowered its key interest rate to 0.1% and began to supply financial institutions facing credit squeeze with the funds without placing ceiling on volume. EU, also, announced huge economic stimulus packages of total 200 billion Euros.

It seems unlikely that world economy would rebound showing swift job creation and consumption recovery in the near future in spite of aggressive measures by the governments of advanced countries. U.S. economy is expected to bottom out in the last half of 2009 but to recover very slowly. World trade contraction is getting Korean export plunge to negative growth and export will stay sluggish for some time due to low growth of world economy. China and the advanced countries composing the large part of Korean export markets are reducing their demands for Korean goods, which will weaken the growth power of Korean economy because export's role in Korean economic growth has been enlarged since financial crisis happening in 1997 around Eastern Asia.