Ex-Cyclone Alfred reduces Australia's quarterly GDP by 0.25 percentage points: Treasury


Sydney, March 17 (Xinhua) -Ex-Tropical Cyclone Alfred has produced a substantial economic impact, reducing on Monday the Gross Domestic Product (GDP) quarterly of Australia in 0.25 percentage points, Treasurer Jim Chalmers.

Alfred’s immediate impact on GDP reached up to 1.2 billion Australian dollars (756 million US dollars), with approximately 12 million hours of lost work due to temporary commercial closures, Chalm



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