About: http://data.cimple.eu/news-article/e114bcc56defe96b8769efd385c17d400fa8edc333ddd110a70e5770

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Australia's central bank on Tuesday slashed interest rates to a record low on fears the deadly coronavirus outbreak could push the country into recession. The Reserve Bank of Australia said it had lowered rates by 25 basis points to a record low of 0.50 percent in an effort to offset the impact of COVID-19. The announcement came as other institutions, such as the Federal Reserve and European Central Bank, indicated they were willing to take action to mitigate the economic pressure of the outbreak. Bank Governor Philip Lowe said global economic growth was expected to be lower in the first half of 2020 because of the novel coronavirus, while it was also having a "significant effect" on the domestic economy. Australia's education and travel sectors, which are heavily reliant on China -- where it started -- have been particularly hard hit and surrounding uncertainty is also likely to impact spending. "Given the evolving situation, it is difficult to predict how large and long-lasting the effect will be," Lowe said in a statement. "Once the coronavirus is contained, the Australian economy is expected to return to an improving trend." hr/arb/dan
schema:headline	Australia cuts rates to record low on virus fears
schema:mentions	European Central Bank Reliant Motors Federal Reserve Recession Australia Virus China Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Philip Lowe
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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