Australia’s bushfire has caused havoc damage to the Economy
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The economic damage from the devastating bushfire at the Australia seaboard is going to exceed the 2009’s Black Saturday record of $4.4 billion. The bushfire can cripple Australia’s already damaged consumer confidence and can also increase the chances of a rate cut next month. So far, 8.5 million hactares across the whole country have been charred and at least 25 people have been died along with millions of wild animals.