New Zealand's Economic Missteps Hasten Exodus to Sunnier Shores.
New Zealand faces its worst economic downturn since 1991, with unemployment at a more than four-year high and companies going bust at the fastest pace in over a decade. The country's economy was the worst performing in the developed world last year, according to HSBC, and Australia has become a hot choice for kiwi jobseekers due to its better job prospects. Flawed data and policy missteps have worsened New Zealand's economic woes, leading many to seek opportunities elsewhere.
- The situation highlights the vulnerability of economies with flawed policies and unreliable data, where even small mistakes can have significant consequences.
- Will New Zealand's government learn from its past mistakes and implement more effective policies to address poverty and inequality, or will the country continue to struggle?