Jonathan Fairfield Posted March 22, 2020 Share Posted March 22, 2020 Australia takes stimulus to 10% of GDP and orders closures to combat coronavirus By Lidia Kelly and Jonathan Barrett The mostly deserted steps of the Sydney Opera House, where scheduled public performances have been cancelled due to the coronavirus disease (COVID-19), are seen on a quiet morning in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott MELBOURNE/SYDNEY (Reuters) - Australia ordered pubs, cinemas, churches and casinos to close and two more states said on Sunday they would shut their borders, while the government pledged an extra A$66.4 billion ($38.50 billion) to combat the impact of the coronavirus. Along with neighbouring New Zealand, Australia has brought in widespread measures to limit the spread of the virus, but they have been less stringent than the lockdowns in parts of Europe and North America where infection rates are higher. Australia's new fiscal stimulus, the second in a week, will go to individuals in need and small and medium-sized businesses which account for about a third of output and employ more than 40% of the workforce, according to government statistics. "We will be focusing on those in the front line, those who will be feeling the first blows of the economic impact of the coronavirus," Prime Minister Scott Morrison said in Canberra early on Sunday. "There will be more packages and more support." The package dwarfs the A$17.6 billion ($10.20 billion) in initial measures announced last week. Morrison said later on Sunday that the country would close most public gathering venues from midday on Monday to enforce social distancing rules. Many Australians appeared to disregard health warnings and flocked to pubs and beaches at the weekend amid a warm autumn spell. The number of coronavirus infections has risen quickly in recent days, climbing to 1,098 confirmed cases as of Sunday morning with seven recorded deaths linked to COVID-19. Almost all sectors will be affected by the forced closures, although restaurants, cafes and catering businesses will still be able to offer delivery and take-away services. "That is a very, very regretful decision. But a necessary one," Morrison said at a conference late on Sunday. Schools in Australia are set to remain open, Morrison said, although Victoria, the country's second most populous state, will end its first term on Tuesday, a few days early. South Australia and Western Australia on Sunday said they would close their borders as of Tuesday to restrict the movement of people, following similar actions in the Northern Territory and Tasmania announced last week. The other three states and one territory, home to much larger populations, remained open. The Australian Football League (AFL), which has been reluctant to suspend its games, said on Sunday the 2020 top flight Australian rules season would pause until the end of May. ECONOMIC HIT Together with emergency banking measures and the initial stimulus package, Australia has now announced financial measures equalling about 10% of the country's annual gross domestic product, the government said. Morrison said the government would help underwrite loans to small and medium-sized businesses and boost unemployment benefits as companies are forced to lay off staff. Jobseekers will get extra money and people in financial stress will also be able access some of their pension funds, while some not-for-profits and small businesses will have access to cash grants to keep staff employed. One of Australia's largest employers, Qantas Airways <QAN.AX>, said last week it would put 20,000 employees on leave as the virus has devastated the airline industry with scores of countries closing their borders. "Some industries have effectively suffered instant downturns, with some already in recession," economists at the National Australia Bank said in a note. While mineral-rich Australia has enjoyed a near 30-year stellar economic run and passed through the global financial crisis without falling into recession, economists are now forecasting a sharp pull-back in consumer spending. "It is impossible to stop a recession because people are staying at home and are not spending, but this minimises the collateral damage where lots of companies go bust and the recession ends up being a lot deeper," AMP Chief Economist Shane Oliver told Reuters. (Reporting by Lidia Kelly and Jonathan Barrett; Additional reporting by Colin Packham, Swati Pandey and Paulina Duran; Editing by Christopher Cushing and Philippa Fletcher) -- © Copyright Reuters 2020-03-22 Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
TKDfella Posted March 23, 2020 Share Posted March 23, 2020 Just had a call from family in New Zealand and I'm told that NZ will be going into lock down soon due to a sudden increase Covid 19 cases Link to comment Share on other sites More sharing options...
Tongjaw Posted March 23, 2020 Share Posted March 23, 2020 Perth WA goes into lockdown tomorrow 24th Link to comment Share on other sites More sharing options...
natway09 Posted March 23, 2020 Share Posted March 23, 2020 But still keeping schools open. Are u crazy ??? , give the little blighters a holiday Link to comment Share on other sites More sharing options...
steven100 Posted March 23, 2020 Share Posted March 23, 2020 (edited) my room is in lockdown also ..... I just locked the front door. 7-11 can deliver my p_iss Edited March 23, 2020 by steven100 Link to comment Share on other sites More sharing options...
simple1 Posted March 23, 2020 Share Posted March 23, 2020 QLD interstate borders to close. No school closures for the moment - govt wants tax payer parents working! https://7news.com.au/lifestyle/health-wellbeing/queensland-borders-to-shut-to-stop-coronavirus-spread-premier-announces-c-758261 Link to comment Share on other sites More sharing options...
Tropposurfer Posted March 23, 2020 Share Posted March 23, 2020 A few weeks too late Morrison ... dumb ar.e! Link to comment Share on other sites More sharing options...
Kraig62 Posted March 23, 2020 Share Posted March 23, 2020 Aussie, Aussie, Aussie! Oi! Oi! Oi!!!! Link to comment Share on other sites More sharing options...
emptypockets Posted March 23, 2020 Share Posted March 23, 2020 (edited) Bottle shops are staying open. They don't want blood on the streets. Edited March 23, 2020 by emptypockets 1 Link to comment Share on other sites More sharing options...
simple1 Posted March 23, 2020 Share Posted March 23, 2020 16 hours ago, simple1 said: QLD interstate borders to close. No school closures for the moment - govt wants tax payer parents working! https://7news.com.au/lifestyle/health-wellbeing/queensland-borders-to-shut-to-stop-coronavirus-spread-premier-announces-c-758261 Govt has announced welfare benefits for those on some visas. https://www.servicesaustralia.gov.au/individuals/subjects/payments-visa-holders 1 Link to comment Share on other sites More sharing options...
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