Coronavirus latest updates: Australia initiates emergency plan as Trump says risk to US is ‘very low’

Losses on Asian stock markets mount as Saudi Arabia bans entry of religious pilgrims over virus fears. Follow our live news

There’s a question on economic impacts.

“Obviously the impact of a breakdown in supply chains or travel or right across the many sectors, there will be an impact on the economy,” says Morrison.

Q: Will there be further extensions of the travel ban?

A: It’s being monitored weekly, says Morrison. “The advice we received today was that on the balance of risks, further travel bans were not recommended.”

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