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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.