New Zealand Residents FLEE In Record Numbers As Cost Of Living Surges | What’s Happening?

New Zealand inflation, recession | During the pandemic, New Zealanders who were living overseas returned home in historically high numbers. But many seem to be done with it now - nearly 1 and a half lakh New Zealand residents have left the country in the last one year. This is the HIGHEST annual number ever. This because the country is facing some major economic issues, and according to data released by New Zealand and accessed by Reuters, nearly 33% of those fleeing New Zealand are going to Australia - a place where they don’t require a work visa. But will this plan work out for those relocating? Watch to find out #recession #newzealand #economy Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App