Bushfires and the Australian economy

The calamitous bushfires that have engulfed Australia are most likely to have an adverse impact on the Australian economy. The upfront cost is projected to be in excess of A$ four billion. Beyond this headline figure, a painful period of adjustment lies ahead. A piece in the New York Times offers a poignant portrayal of such a challenge facing policymakers and politicians across both sides of the political divide. A good read….

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