It's been a bit of a fizzler, which is a good thing. This thing is so powerful, it's Travelled 900 km inland and still categorised as a week cyclone! In contrast, the one that hit my home town, Darwin pretty much disappeared as soon as it finished tearing the city apart...
The two things are related. After cyclone Tracy in 1975, building regulations became much more stringent, so that now a cyclone like Yasi causes less damage.
The economy won't remain unscathed though (even the global one to a lesser degree). Coal prices are set to go even higher, globally. Silver and lead too. And probably sugar to a lesser extent. In australia, bananas will go through the roof.
Now if only Yasi could remain a category 1, and make it's way over to your dams, cdbrown
