Trucks caught in the flooding in Queensland. © Press Association Images
Trucks caught in the flooding in Queensland. © Press Association Images

Cost of Australian natural disasters 'double what was previously thought'

posted by Andrew Allen
in Risk
5 April 2016

The cost of natural disasters to Australia’s economy is more than double what was previously estimated because the long-term cost of social factors such as mental illness and drug and alcohol abuse was not previously taken into account.

That is the claim of two new reports by the Australian Business Roundtable for Disaster Resilience & Safer Communities, which examined the true cost of natural disasters such as earthquakes, floods and bush fires.

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