Second stimulus package being considered

The Federal Government is reportedly considering launching a second round of spending just days after announcing a $17.6 billion stimulus package to revive the economy.

As reported by the Sydney Morning Herald Prime Minister Scott Morrison is conducting meetings with Treasurer Josh Frydenberg and Finance Minister Mathias Cormann to consider new economic measures as Covid-19 strangles Australian industries.

Speaking to 3AW today Morrison says the government's response to the coronavirus will go well beyond measures taken during the GFC.

"I mean, in the GFC, we didn't have to shut down the borders," says PM Morrison.

"In the GFC, we didn't have to stop mass gathering of the public. I mean, this is of an order well beyond what we saw last time. And it'll be a challenging period. But, you know, Australians will come through".

Updated at 3:13pm AEDT on 16 March 2020.


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