Bushfire crisis ‘a very good thing for the economy’

Bushfire crisis 'a very good thing for the economy'

InvestSmart Chief Market Strategist Evan Lucas says the bushfire crisis will prove to be very good for the Australian economy.

“I know that’s a really strange thing to say, and slightly horrible, but natural disasters by history are actually very good things economically,” he told Sky News on Monday.

“The stimulus that comes with it, the redevelopment that comes with it and the jobs that come with it.”

Mr Lucas said quarter two and three will “probably be quite positive” as a result of government spending in response to the fires.

“It’s a hard thing to say now, but it will be a positive,” he said.

Image: News Corp Australia

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