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To wrap up that presser from Australian prime minister Scott Morrison, here is the country’s stimulus package at a glance. All figures are in AUD.
Back to Australia now, where Prime Minister Morrison is speaking with the treasurer, Josh Frydenberg, about the government’s stimulus package response to the economic impact of coronavirus on the country, which started the year with a significant blow from the bushfires:
Question: Will this starve off a recession? Is that the job?
The job is what I outlined when I stood here with the Treasurer just 10 minutes ago. And that is to ensure that we keep Australians in jobs, that we keep businesses in business, and that we ensure the Australian economy is in a position to bounce back strongly on the other side.
That is the task. That’s what we’ve designed this package to do. If more is required, more will be done and we’ll watch that closely, like you do with any plan, and you get the best information and you continue to make good decisions.
Continue reading...from The Guardian https://ift.tt/2W4suNK
