People are departing New Zealand in historic numbers as unemployment climbs, interest rates stay high, and economic development slows, according to government statistics.
According to Statistics New Zealand data, 131,200 persons left New Zealand in the fiscal year ending June 2024, which is the provisionally highest annual departure rate on record.
According to the data, 80,174 of those departing were citizens, nearly doubling the number recorded previously to the COVID-19 pandemic.
The New Zealand economy is struggling after the central bank raised cash rates by 521 basis points, the most extreme tightening since the official cash rate was implemented in 1999.
People are leaving New Zealand due to the country's failing economy.
People are departing New Zealand in historic numbers as unemployment climbs, interest rates stay high, and economic development slows, according to government statistics.
According to Statistics New Zealand… pic.twitter.com/NtPVZ32qCp
— DailyNoah.com (@DailyNoahNews) August 13, 2024
Druggie tyrant that sabotaged New Zealand economy,human rights laws,education system and energy security. Ran away after losing High Court rulings and being shamed by one of New Zealands longest running protests at Parliament Grounds.
A known WEF agent. pic.twitter.com/kMS4izffy5— Mr Na (@ocarolant) August 11, 2024
Sources:
www.straitstimes.com/asia/australianz/people-leave-new-zealand-in-record-numbers-as-economy-bites
www.news24.com/fin24/economy/people-leave-new-zealand-in-record-numbers-as-economy-bites-20240813
h/t DOORBERT