How Australia’s coronavirus stimulus stacks up against global competition

Original article by Matt Johnson
The New Daily – Page: Online : 3-Apr-20

The International Monetary Fund has called on countries to enact ‘wartime measures’ to rescue economies crippled by the impact of COVID-19. Measures announced by the Australian government include a $130 billion wage subsidy plan and a $20 billion loan scheme. The UK has announced it will subsidise employees’ wages up to a value of Stg2,500 ($5,086) a month, while the US has introduced a $2.2 trillion rescue package that includes a controversial $500 billion corporate bailout fund to help big business.

CORPORATES
INTERNATIONAL MONETARY FUND

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s