Business Maverick: New Zealand records its weakest population growth in 30 years

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

The population advanced by just 19,200, or 0.4%, to 5,127,000 at March 31, Statistics New Zealand said on Monday in Wellington. That’s less than the 25,100 gain in the year through March 2021 and is the lowest since the government agency began providing...

New Zealand recorded its weakest population growth in 30 years in the 12 months through to March, underscoring labour market tightness that’s driving faster inflation and forcing aggressive interest-rate increases.

While the population rose due to natural increases, the pace of expansion has decelerated markedly due to the closure of the border to foreigners since March 2020. A lack of immigrant workers has pushed annual wage growth to 3.1%, the fastest pace since 2008, fueling faster inflation and higher rates.There were 26,400 more births than deaths in the year through March, while migration fell by 7,300.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I wish everyone can be like you, Helen, I haven't lost since you have been managing my trading account, I love you so much JonathanHele

I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07

United States United States Latest News, United States United States Headlines