In short term, it may get affected with several considerations:

1. Short term inflation threat due to rising raw material price since low supply on daily necessity including cooking; i.e price for tomato spikes up 20%; potato & banana up 10%
2. Jobs for rebuilding Queensland - job demand up but labour supply low (unemployment rate is at roughly 5%), may trigger rise paycheck
3. Interrupted export - not enough to export especially mining export
4. Money to rebuild
5. GDP will be reduced by 0.3% from estimation
6. Central bank has a tough decision either to maintain current interest rate for rebuilding or to increase for taming inflation

This post has been edited by David83: Jan 16 2011, 12:01 PM