In Lismore businesses still lay dormant after last year's devastating flooding
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.
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