Rolfe tells Americans our floods 'a bigger shock than Katrina'
Published on 24 January, 2011
The recent floods would be a larger shock to the Australian economy proportionally than Hurricane Katrina was to the American economy.
That's according to CQUniversity's Professor John Rolfe, who spoke about the relative impact of the natural disasters in an interview aired on the National Public Radio network in the United States.
He said the floods have hurt production and caused global commodity prices to spike.
"The reason is that the state of Queensland has a dominant proportion of some of Australia's most valuable commodities. Many of these are sold to China, whose voracious demand for resources has driven commodity prices up," Professor Rolfe says.
You can read or listen to his views via Australia Floods Boost World Commodity Prices .
Professor Rolfe has done many flood-related interviews with Australian and overseas media, including New Zealand's Newstalk ZB and news outlets in France.