Federal Treasurer Jim Chalmers in Lismore, NSW, Friday, January 13, 2023. AAP Source: AAP / JASON OBRIEN/AAPIMAGE
The federal treasury has estimated last year's catastrophic flooding events cost the nation's economy upwards of $5 billion. With more floods ongoing in Western and South Australia, the government is forecasting natural disasters to be one of greatest risks to the economy this year, too.
The federal treasury has estimated last year's catastrophic flooding events cost the nation's economy upwards of $5 billion. With more floods ongoing in Western and South Australia, the government is forecasting natural disasters to be one of greatest risks to the economy this year, too.
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