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looks like this is possibly going to be, in economic terms, the largest natural disaster in our history, he told Australian television.

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La Nina has also caused major flooding across a third of Sri Lanka, destroying 21 percent of the nation staple rice crop and raising fears of food inflation, while one million people were affected by heavy rains canada goose black friday sale in the Philippines.

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Queensland Premier canada goose Anna Bligh announced a judicial inquiry into the devastating floods on Monday, looking at issues including the operation of dams built to protect major cities.

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JP Morgan said Australia inflation risk had intensified due to the post flood rebuilding programs about to commence and given that the economy was already at employment The independent central bank could be forced to tighten rates more assertively in the medium term, it said.

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