Some sectors of Australian economy will need additional support – PM Morrison
30 May, 2020, 5:29 am
SYDNEY (Reuters) – Some sectors of Australia’s economy will require additional stimulus, Prime Minister Scott Morrison said on Friday.
To prevent a prolonged economic depression triggered by COVID-19, Australia’s government and central bank has pledged to spend A$250 billion.
Much of Australia’s stimulus is expected to expire in September, but Morrison said some additional support may be needed.