‘Australians will lose their jobs’: Federal Government weighs more stimulus to shield economy from COVID-19

Finance Minister Mathias Cormann has signalled more economic stimulus measures as Australians brace for the devastating impact of the coronavirus pandemic.

Mathias Cormann talks to the media. Source: AAP

The Federal Government has warned businesses will close and Australians will lose their jobs as it prepares to roll out more measures to shield the economy from the spread of COVID-19.

Australians have been told to brace for a six-month battle with coronavirus as the national cabinet weighs up a second round of stimulus to ease the economic strain of the pandemic.

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Minister for Finance Mathias Cormann.

AAP