Economic impact of bushfires likely to break all records

Destroyed buildings are seen in Cobargo, NSW, Wednesday, January 1, 2020. Several bushfire-ravaged communities in NSW have greeted the new year under immediate threat. (AAP Image/Sean Davey) NO ARCHIVING

Destroyed buildings in Cobargo, NSW. Source: AAP

The economic impact from this season's unprecedented bushfires is likely to exceed the record set by the 2009 Black Saturday blazes. There are warnings the toll the blazes are taking on industries like agriculture and tourism. As well as a lag in consumer confidence...will likely cause a significant blow economy.



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