New Zealand sees record exodus of citizens as economy struggles

  • 📰 The Straits Times
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Some 78,200 citizens departed in the year through March.

WELLINGTON – New Zealand is experiencing a record exodus of citizens as a sluggish economy reduces job opportunities.

High interest rates have hit consumer spending and business confidence, with hiring intentions in decline according to recent surveys. Faced with a tightening labour market, New Zealanders are turning to Australia and other overseas markets where wages can be more attractive.

 

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