Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Politics
Paul Osborne and Poppy Johnston

THE TRUTH ABOUT: Floods drain 5bn from national economy | History Defined

Jim Chalmers Economy New South Wales Natural Disaster SA
Jim Chalmers, right, and Murray Watt inspected rebuilding efforts in flood-affected northern NSW. (JASON OBRIEN/AAP PHOTOS) (AAP)

Floods, bushfires and other natural disasters are already costing the economy billions each year and losses are expected to mount as these events become more severe and frequent.

Natural disasters caused $5 billion in lost economic activity last year and impacted almost seven out of 10 Australians.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Jon Lovitz fires back at Playboy widow’s ‘biggest pervs’ accusation with cheeky ‘No. 1’ comeback
The Saturday Night Live comedian has defended his friendship with Hugh Hefner after Crystal Hefner described his behaviour at Playboy Mansion parties.
BANG Premier
BANG Premier
5 Viral Gardening Hacks That Could Do More Harm Than Good
You’ve probably seen the videos: Someone pours kitchen scraps into a flowerpot, sprays weeds with a homemade mixture, or buries a banana peel beside a struggling tomato plant, promising spectacular results. The ingredients are cheap, the instructions take seconds, and the before-and-after photos make everything look incredibly easy. But what…
Frugal Gardening
Frugal Gardening
As Backlash Mounts Over Noah Wyle’s ‘Sexiest Man Alive’ Title, Fans Offer 15 Hollywood Hunks The Crown Instead
Noah Wyle’s Sexiest Man Alive title has sparked backlash, with fans championing Josh Hartnett, Theo James, Aaron Pierre, and other Hollywood hunks they believe deserved the crown instead.
Bored Panda
Bored Panda
Man visits bars across the country and abroad to track their liquor pours, and says a shot isn’t the same everywhere: ‘Hope that’s not a hot take’
He turned happy hour into a field study.
We Got This Covered
We Got This Covered
Rick Stein questions quality of online cooking tutorials in swipe at YouTube chefs
TV chef is releasing a new cookery book, bringing together recipes and techniques from his six decades of experience
The Independent UK
The Independent UK
Jennifer Lawrence confirms Hunger Games return for herself and co-stars
The actress said herself, Josh Hutcherson and Woody Harrelson will reprise their roles in The Hunger Games: Sunrise On The Reaping.
Evening Standard
Evening Standard
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play