Brad Olsen: Infometrics Principal Economist predicts Cyclone Gabrielle will cost the economy billions

Heather du Plessis-Allan Drive

15-02-2023 • 4 minutos

Cyclone Gabrielle is predicted to cost the economy billions of dollars in repairs and replacements.

When combined with January's burst of floods, experts are claiming this disaster will add up to billions in infrastructure and roading repair costs.

Infometrics Principal Economist Brad Olsen says that it's too early to guess what the cost of all this devastation will be.

Olsen predicts that the cost of the damage will be in the billions, but stated that it was important not to overplay any figures at this point.

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