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Queensland, Australia 2010
The Queensland floods affected more than 70 towns and 200,000 people, ultimately leading to three-quarters of the state being declared a disaster zone. The impacts to the Australian economy included a loss of A$32 billion (equivalent to 3% of GDP) and a reconstruction budget of A$6.8 billion. Australian companies Virgin Blue and Bank of Queensland issued profit warnings directly attributed to the flooding — their share prices dropped 5.9% and 4.9%, respectively.
The Queensland floods affected more than 70 towns and 200,000 people.
The Queensland floods affected more than 70 towns and 200,000 people, ultimately leading to three-quarters of the state being declared a disaster zone. The impacts to the Australian economy included a loss of A$32 billion (equivalent to 3% of GDP) and a reconstruction budget of A$6.8 billion. Australian companies Virgin Blue and Bank of Queensland issued profit warnings directly attributed to the flooding — their share prices dropped 5.9% and 4.9%, respectively.
