CANBERRA, Feb 3 (Reuters) - Australia's government unveiled a A$42 billion ($26.5 billion) second stimulus on Tuesday for the rapidly cooling economy and halved its 2008/09 growth forecast to 1.0 percent from a November forecast of 2.0 percent.
Treasurer Wayne Swan said the plan included A$28.8 billion for infrastructure, schools and housing, as well as A$12.7 billion cash payments for low and mid-income earners to be paid in March, 2009. (1=A$1.58) (Reporting by Rob Taylor, editing by Michael Perry)