Economic impact of Australia's bushfires set to exceed $4.4bn cost of Black Saturday

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Economic impact of Australia's bushfires set to exceed $4.4bn cost of Black Saturday
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Fires will cripple consumer confidence and harm industries such as farming and tourism, Moody’s says

The economic damage from the bushfires devastating Australia’s eastern seaboard is likely to exceed the record $4.4bn set by 2009’s Black Saturday blazes, Moody’s Analytics has said.

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