The assumption New Zealanders are flooding back from overseas - is a myth
The assumption New Zealanders are flooding back from overseas - is a myth
1 October 2020
Net migration has plunged - almost to zero.
Almost all border crossings are people staying for a short period of time.
Westpac chief economist Dominick Stephens says low net migration leads to lower population growth, less need to build houses, and fewer skilled people in the country.
He says population growth has probably halved in the space of a few months.
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