Coronavirus crisis: stay calm and keep spending, says Scott Morrison

Original article by Geoff Chambers Simon Benson
The Australian – Page: Online : 13-Mar-20

Prime Minister Scott Morrison has urged Australians to keep calm over the coronavirus crisis in a nationally televised ­address on 12 March. Morrison said the federal government was taking the crisis seriously, and that it had a "clear plan" to see Australia through it. Treasurer Josh Frydenberg had earlier unveiled a $17.6 billion stimulus package, aimed at preventing Australia from falling into recession for the first time since 1991; it will include $11 billion worth of direct stimulus prior to 30 June. Frydenberg noted he was in contact with global counterparts who were working on their own stimulus packages.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET AUSTRALIA. DEPT OF THE TREASURY

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