Assessing the Economic Impact of Australia's Wildfires

The transcript discusses the economic impact of bushfires in Australia, highlighting the broader effects on confidence and sectors like tourism. It examines the potential damage to Australia's brand image and the Reserve Bank of Australia's (RBA) response to such economic shocks. The challenges of incorporating natural disasters into economic forecasts are also explored, with a focus on the increasing frequency of such events.

In what ways could the bushfires affect the tourism sector in Australia?

How do the current bushfires compare to past bushfires in terms of scale and impact?