Some sectors of Australian economy will need additional support - PM Morrison

Some sectors of Australia's economy will require additional stimulus, Prime Minister Scott Morrison said on Friday.

To prevent a prolonged economic depression triggered by COVID-19, Australia's government and the central bank have pledged to spend A$250 billion ($166.1 billion).

Much of Australia's stimulus is expected to expire in September, but Morrison said some additional support may be needed. ($1 = 1.5053 Australian dollars)