Economics

After Taming The Pandemic, Australia Tries to Save Its Economy

  • Government to focus on boosting jobs in Oct. 6 budget
  • Stimulus expected to include tax cuts, infrastructure spending
A For Lease sign is displayed above a retail store in Hobart, Tasmania, Australia, on Sept. 21.Photographer: Chris Crerar/Bloomberg
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After slowing the coronavirus pandemic to just a trickle of new cases a day, Australia’s Prime Minister Scott Morrison faces his next challenge: shoring up an economy that’s plunged into its first recession in almost 30 years.