Morrison Government to Put $17.6 Billion Into Economy to Deal With Coronavirus Fallout

Prime Minister Scott Morrison speaks during a press conference in Sydney, Australia on Feb. 1, 2020. Don Arnold/Getty Images

The Morrison government’s package to deal with the fallout from the coronavirus will inject A$17.6 billion into the Australian economy.

Prime Minister Scott Morrison said the gross impact of the stimulus in this financial year and the next two financial years would be A$22.9 billion or 1.2 percent of GDP.