What Is The Impact Of The Cyclone Ace And Its Impact On The Economy

Decent Essays
Cyclone Ace is expected to have blasted a large impact on the economy in terms of agriculture as well as several other industries. An estimated 25% of the state’s sugarcane crops have been destroyed, leading to a loss of $600 million. Furthermore, 90% of the banana plantations in northern Queensland have also been wrecked. This will lead to an inflation of the cost of these two crops.

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