Australia should engage in macroeconomic reform to the economy does not go into freefall due to the coronavirus crisis, according to Australia-Japan Research Centre’s Shiro Armstrong. The ASX has crashed on 10 per cent at the end of trading on Monday, which is the worst daily drop since the 1987 crash. The government is finalising a second round of coronavirus stimulus in a bid to stave off recession. That comes four days after the Coalition announced a $17.
6 billion stimulus package designed to help welfare recipients, the tourism sector and small businesses cope with the economic fallout from the disease. Mr Amrstrong said it’s important the government doesn’t try to force sectors to diversify their trade relationships with other countries, including China. He told Sky News the most important lesson from the coronavirus crisis is getting the “macroeconomics right”.
stothehiro Tweet has an error...fine, that happens But shouldn't we put stothehiro in charge of Australia...since he obviously has the answers that others don't
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Coronavirus live updates: Shadow health minister says 'likely schools will closeCoronavirus Australia world cruises cancelled Victoria will fast track surgery, Vivid Sydney is off, Trump ... CloseTheSchools Did Murphy say that children can help to create herd immunity, so keep the schools open ? Thinking aloud but would it be feasible to keep schools open (with reduced staffing levels) just for children of healthcare/police etc who would otherwise have to stay home?
Source: 9NewsAUS - 🏆 10. / 72 Read more »
All travellers forced to self-isolate under tough new coronavirus restrictions | Sky News AustraliaFULL SPEECH: Prime Minister Scott Morrison has urged Australians “to get on with their lives” as the government unveils a raft of tough new restrictions aimed at curbing the spread of coronavirus.\n\nFrom midnight tonight all travellers arriving from overseas will be forced to self-isolate for 14 days.\n\nThe Prime Minister confirmed there will be penalties for non-compliance, although the severity of the offence will be up to the states.\n\nCruise ships, which are a major vehicle for international spread of the disease, will be banned from docking in Australian ports.\n\nSchools will remain open, with Prime Minister Morrison warning widespread closures could “make the situation worse”.\n\nMr Morrison confirmed Anzac Day events may be cancelled in order to stop the spread of the disease.\n\nAt least 250 Australians have contracted the novel coronavirus COVID-19, while more than 150,000 people across the world have been infected.\n\nIn addiction to the new restrictions, the Prime Minister also urged all Australians to practice self-isolating measures including avoiding shaking hands with other people.\n\n“I really want Australians to get on with their lives as normally as possible but there will be disruptions and they will adjust, Australians can of course adjust,” Mr Morrison said.\n\n“What I hope won’t happen and I’m sure it won’t, is that we won’t lose our sense of 'Australian-ness' in all of this, we will support each other.” ScottMorrisonMP It's too late the virus is already here, containment has failed and we need to lockdown now! We're in the mitigation phase and our only option is to lockdown for 2 weeks. Each day that passes is 1000's of lives needlessly gone. ScottMorrisonMP How to “get on with lives”? If there is such high risk of infection. Please tell Australians when you can have test kits available for all Australians! ScottMorrisonMP what about arriving airline crew?
Source: SkyNewsAust - 🏆 7. / 78 Read more »