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Australia Govt must not just 'follow demand' with stimulus package

03:35  11 march  2020
03:35  11 march  2020 Source:   skynews.com.au

The government can’t launch a GFC-style stimulus package. There’s too much crow to eat

  The government can’t launch a GFC-style stimulus package. There’s too much crow to eat Now there's talk of Australia needing a new economic stimulus package, we look back at senior Libs' criticism of the Labor's GFC stimulus.But we also noted the importance the government places on attacking Labor’s 2009 stimulus package, the one that essentially saved Australia from a GFC-inspired recession.

A stimulus is necessary. Economists are not very bullish on the talk of a monetary stimulus . Recently, the MPC indicated that growth was the priority at this Even otherwise, banks have not enough money to fund the growth story. Majority of the Indian banking system is owned by government -run banks or

Thailand's government approved a package of stimulus measures that reportedly will inject about 400 billion baht (.7 billion) into the economy in the American Airlines (AAL) this morning announced it will be slashing its international and domestic flights as demand falls from the coronavirus epidemic.

Anthony Albanese has urged the government to not simply “follow demand” as it puts together its coronavirus stimulus package.

Prime Minister Scott Morrison on Wednesday announced the government’s $2.4 billion health package, but the opposition leader said the announcement caused a pause of concern.

“It is of some concern they are saying today’s announcements are demand driven. What we need on this is to provide leadership, not complacency. Leading doesn’t mean following demand,” he said.

Govt to spend $1.2 billion before end of June in response to COVID-19 crisis

  Govt to spend $1.2 billion before end of June in response to COVID-19 crisis Prime Minister Scott Morrison has officially announced the government's $2.4 billion coronavirus health package, committing to spend $1.2 billion before the end of June. Up to 100 pop-up clinics will be established across the country and a new Medicare item will be created to subsidise video and tele consultations. The emergency health package - which will include a $30 million information campaign to stop panic buying - comes ahead of an economic stimulus package to be unveiled this week.Mr Morrison said the package was designed to assist the straining health system amid the crisis.

A stimulus package is a package of economic measures put together by a government to The theory behind the usefulness of a stimulus package is rooted in Keynesian economics, which Based on principles outlined by Keynesian economics, the goal is to increase aggregate demand through

Economists had largely supported a stimulus to stabilise an economy that was vulnerable to the 'At this particular point, billion it probably is just a starting point,' he told Daily Mail Australia on ACTU secretary Sally McManus said the package must address the financial risk to Australia's 3.3 million

Mr Albanese also warned against only testing those who have been to certain countries.

“The fact is I think this global epidemic is far beyond looking at specific countries just being impacted,” he said.

“For many nations who do not have a health system as sophisticated as ours, it’s clear there are hidden figures from many nations in our region.”

At Microsoft News Australia we've partnered with the giving platform Benevity to raise funds for UNICEF: Donate now and help health workers in the battle against the novel coronavirus. Coronavirus Health Information Line

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Second stimulus to flow to small business, welfare recipients .
Welfare recipients and small businesses are expected to again benefit from the government’s second stimulus package, according to Sky News Political Editor Andrew Clennell. Last week the government unveiled a $17.6 billion stimulus package, which sought to stave off a recession caused by the coronavirus.But Mr Clennell said “things have gotten worse since last week” and the second tranche of assistance could be “even bigger’” than what preceded it. “The governme, than the first $17.6 billion installment that we saw last week,” he said.

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