Home Australian Treasurer Frydenberg: Weeks ahead to be tougher for economy
FXStreet News

Australian Treasurer Frydenberg: Weeks ahead to be tougher for economy

Australia Treasurer Josh Frydenberg is out with a warning on Monday, stating that the weeks ahead to be tougher for the economy.

He said that the total support to the economy from federal govt to be more than A$320 bln, adding that the payments will flow from the first week of May and will be backdated to today.

Last hour, PM Morrison said that the government will commit A$130 bln over six months to support jobs.

  • Australian PM Morrison: To commit A$130 bln over six months to support jobs
  • Asian stocks pay a little heed to the fight against coronavirus amid increased fears

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.