AMP chief economist Shane Oliver estimated the cost of the storm could be $1.1 billion a day based on the population of affected regions, but that was expected to be a “very short-term impact”. “Then you’ve got this flip side of that, the rebuilding kicks in and that acts as a stimulus,” Oliver said.
1don MSN
Brisbane is a subtropical city of more than 2.5 million people, situated on a flood-prone river. That’s why residents mustn’t get complacent after Cyclone Alfred.
South East Queensland and northern NSW continue to experience thunderstorms, intense rainfall and flooding in the wake of Alfred. Follow our ongoing coverage.
Brisbane bus drivers braved wild conditions to deliver 700 services on Sunday morning before being recalled about 11am but the southeast’s trains and ferries are still offline.
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