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brisbane australia flood killed 17 and 43 still missing

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Deadly floods in Australia's third-largest city are peaking below the levels Brisbane had feared, but the state premier said they would require a reconstruction effort of "post-war proportions".

The floods have so far killed at least 17 people, left 43 missing and caused billions of dollars of damage in Queensland state. One central bank economist has warned that it could cut the GDP measure of national income by as much as 1 per cent.

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