Australia Considering Further Economic Support as Virus Spreads

(Bloomberg) --

Australian Prime Minister Scott Morrison is considering further economic measures and support to buttress the economy, just days after announcing a A$17.6 billion ($10.8 billion) stimulus package.

Morrison met with Treasurer Josh Frydenberg and Finance Minister Mathias Cormann on Monday to consider the measures, and is having rolling meetings with Cabinet ministers in key sectors in preparation for Tuesday night’s national Cabinet meeting.

Australia has recorded almost 300 cases of the coronavirus, with five deaths.

To contact the reporter on this story: Jason Scott in Canberra at jscott14@bloomberg.net

To contact the editors responsible for this story: Ruth Pollard at rpollard2@bloomberg.net, Edward Johnson

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