About: http://data.cimple.eu/news-article/db5b4cdc445d2560d5f2a88a95609a18c9fc1bca56e514a5fb98d4c7     Goto   Sponge   NotDistinct   Permalink

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

AttributesValues
rdf:type
schema:articleBody
  • Australia will extend record stimulus spending into next year, the government announced Tuesday, outlining multi-billion-dollar measures to shield the labour market from the ravages of the rolling coronavirus crisis. Prime Minister Scott Morrison said that supplements both to the unemployed and businesses struggling to retain staff would continue until at least the end of the year and likely beyond. With Australia poised to enter its first recession in almost 30 years and struggling to tame double-digit unemployment, the government will increase stimulus spending on two income support programmes to around Aus$86 billion (US$60 billion). The government has already doled out around $30 billion to almost one million companies who have seen their turnover slashed. The money has allowed around 3.5 million staff to be retained, according to government estimates. Morrison, who dubbed it the "COVID-19 recession" said the stimulus programme "has saved businesses and it has saved livelihoods", as he announced measures that will trash his much-vaunted election promise to deliver a budget surplus this year. The announcement came after roughly five million Australians in the country's second-largest city Melbourne reentered lockdown in a bid to stop a new wave of the virus. Between February and May, two million Australians had already lost their jobs or saw hours significantly cut and the Melbourne outbreak may compound that crisis. Treasurer Josh Frydenberg described the support package as "the largest single economic measure" any Australian government had ever launched and said the hit to the economy was the largest in at least 100 years. arb/dm/jah
schema:headline
  • Australia extends stimulus spending as 'COVID recession' looms
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software