Australian Prime Minister (PM) Scott Morrison said in Canberra on Sunday, the government will pump in A$66.4 billion ($38.50 billion) into the economy to help contain the economic impact of the coronavirus pandemic. This comes as part of a second stimulus package, with the initial A$17.6 billion ($10.20 billion) economic response announced last week. The financial measures now equal about 10% of the country’s GDP. Key quotes 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. There will be more packages and more support. The government would help underwrite loans to small and medium-sized businesses and boost unemployment benefits as companies are forced to lay off staff. Too many Australians are not taking these issues seriously enough. The measures that we will be considering tonight means that state premiers and chief ministers may have to take far more draconian measures to enforce social distancing particularly in areas of outbreaks than might otherwise be the case. Germany to raise about EUR350 bln in new debt to finance stimulus measures amid coronavirus crisis – Reuters WH Eco. Adviser Kudlow: Stimulus package under negotiation to be around $2 tln AUD/USD: Rise is unlikely to happen in the upcoming week FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: Further recovery to gain traction above 61.8% Fib FX Street 2 years Australian Prime Minister (PM) Scott Morrison said in Canberra on Sunday, the government will pump in A$66.4 billion ($38.50 billion) into the economy to help contain the economic impact of the coronavirus pandemic. This comes as part of a second stimulus package, with the initial A$17.6 billion ($10.20 billion) economic response announced last week. The financial measures now equal about 10% of the country’s GDP. Key quotes 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. There will be more packages and more support.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.