Some sectors of Australian economy will need additional support - PM Morrison

Some sectors of Australia's economy will require additional stimulus, Prime Minister Scott Morrison said on Friday.

FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a joint press conference held with New Zealand Prime Minister Jacinda Ardern at Admiralty House in Sydney, Australia, February 28, 2020. REUTERS/Loren Elliott/File Photo

SYDNEY - 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.

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