Why New Zealand citizens are leaving the country in record numbers?
Wednesday, 14 August 2024
Government statistics revealed a record number of New Zealanders left the country due to rising unemployment and weak economic growth. In the year ending June 2024, 131,200 departures were recorded, with 75% moving to Australia. The central bank reduced interest rates to 5.25% as inflation neared its target range, indicating economic challenges for New Zealand.
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