<p>Australia on Thursday put forward a USD 11.4 billion stimulus package meant to stave off a recession due to the impact of the <a href="http://www.deccanherald.com/tag/coronavirus" target="_blank">coronavirus</a> outbreak on its economy.</p>.<p>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.</p>.<p>Australia has recorded 127 cases of the virus and three deaths. The World Health Organization declared Wednesday that the global coronavirus crisis is now a pandemic causing, jolting markets worldwide and raising the sense of urgency surrounding efforts to contain it.</p>.<p>The Australian government will spend 11 billion Australian dollars (USD 7.1 billion) before June 30, the end of the financial year, with the remainder to be spent before July 2021.</p>
<p>Australia on Thursday put forward a USD 11.4 billion stimulus package meant to stave off a recession due to the impact of the <a href="http://www.deccanherald.com/tag/coronavirus" target="_blank">coronavirus</a> outbreak on its economy.</p>.<p>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.</p>.<p>Australia has recorded 127 cases of the virus and three deaths. The World Health Organization declared Wednesday that the global coronavirus crisis is now a pandemic causing, jolting markets worldwide and raising the sense of urgency surrounding efforts to contain it.</p>.<p>The Australian government will spend 11 billion Australian dollars (USD 7.1 billion) before June 30, the end of the financial year, with the remainder to be spent before July 2021.</p>