New Zealand implements changes to employment visa program to manage net migration
Sunday, 7 April 2024 New Zealand's government implemented changes to its employment visa program, aiming to address "unsustainable" net migration. The alterations include an English-language requirement and reduced stay for lower-skilled positions. The move follows concerns over record migration levels, potentially impacting housing demand. Despite a slowdown in working-age population growth, the central bank remains cautious about inflationary pressures.
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