Opposition Leader Rebecca White said a working partnership on stimulus was needed from all levels of government - federal, state and councils - "to identify appropriate projects and give locals the best chance of picking up jobs on those projects, which is where the training part becomes so important".

She said there were opportunities to train a local workforce to build infrastructure which would stimulate the economy and hopefully lessen the economic damage from coronavirus.

There are fears the economic effects of the virus will push Australia into a recession, with prominent economist Saul Eslake warning Tasmanian businesses would not be immune if that happened.

Ms White said businesses needed to be incentivised to take on apprentices and trainees.

She said the cancellation of this year's edition of popular Hobart winter festival Dark Mofo highlighted the need for urgent stimulus measures.

"The decision to cancel the festival highlights the widespread impact of coronavirus on the economy, with tourism particularly hard hit," Ms White said..

"All levels of government need to act quickly and decisively to implement short-term stimulus measures to support the economy right now, but also plan for longer term investment to ensure a strong economy."

Ms White looked back to the Global Financial Crisis of the late 2000s, saying federal Labor steered Australia through it remarkably well through a short-term response of cash stimulus to households and a medium-term response of infrastructure spending.

"Tasmania felt the impact; there were consequences," she said.

"But we didn't have a national recession like a lot of other countries."

Ms White said the Morrison Government should also look to immediate and medium-term stimulus.