
Bushfires to cost nation $5b: Westpac
The bushfire crisis will cost Australia $5 billion in direct losses and lop off 0.2 to 0.5 per cent from its economic growth, Westpac has estimated.
The bushfire crisis will cost Australia $5 billion in direct losses and lop off 0.2 to 0.5 per cent from its economic growth, Westpac has estimated.
The economy shrank in the September quarter to post its worst performance since the 2008-2009 global financial crisis.
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The economy is expected to have bounced back, thanks to a surge in the volume of mining exports.