Economics
Australia to Fast-Track $2.6 Billion of Infrastructure Projects
- Morrison says move will support jobs, reap productivity gains
- PM rejects calls for further stimulus as ‘panic measures’
Construction workers beside a major highway near Melbourne, Australia.
Photographer: Carla Gottgens/Bloomberg
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Prime Minister Scott Morrison will fast-track A$3.8 billion ($2.6 billion) of infrastructure projects such as highways to boost Australia’s economy, even as he rejects calls for additional stimulus as “panic measures”.