Australia unveils stimulus package of $11.4 billion over COVID-19

Australia on Thursday put forward a stimulus package valuing 17.6 billion Australian dollars (about 11.4 billion U.S. dollars) to stave off an economic recession caused by the impact of the COVID-19 outbreak.

The package includes cash payments for small businesses and welfare recipients to counter the impact of the disease, which has infected more than 126,000 people worldwide.

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