Some sectors of Australian economy will need additional support, says PM Morrison

Some sectors of Australian economy will need additional support, says PM Morrison
  • Clock-gray 09:29
  • calendar-gray 29 May 2020

Some sectors of Australia’s economy will require additional stimulus, Prime Minister Scott Morrison said on Friday, APA reports citing Reuters.

To prevent a prolonged economic depression triggered by COVID-19, Australia’s government and central bank has pledged to spend A$250 billion ($166.1 billion).

Much of Australia’s stimulus is expected to expire in September, but Morrison said some additional support may be needed.

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