Immigration is more than just a forecasting headache

Immigration is more than just a forecasting headache
Picking immigration rates is a big deal. (Image: Getty)
Jem Traylen
Treasury’s immigration forecast is already out of date and given it’s the key economic variable underpinning the rest of their economic outlook, as well as gauging the demand for housing and public services, this is quite a big deal.Its budget estimate of net migration for the June year is 62,800, while Stats NZ has estimated we already reached 67,000 in the first nine months, which gives it a good chance of hitting 100,000 by year-end.Westpac has already tabled a 100,000 figure, picking annual migration to peak at that level in the...

More Economy

Govt capital-market reforms decisions due in months
Economy

Govt capital-market reforms decisions due in months

Finance industry insiders have expressed concern about the pace of progress.

RBNZ warns changes to capital requirements aren't silver bullet
Economy

RBNZ warns changes to capital requirements aren't silver bullet

RBNZ estimates a reduction of 6-10bps for Option 1 and 11-17bps for Option 2.

Rebecca Howard 25 Aug 2025
'Anti-toxin wave': Gallagher’s Goodnature investment case
Primary Sector

'Anti-toxin wave': Gallagher’s Goodnature investment case

‘We look after animals. We don't typically kill them.’

Gregor Thompson 25 Aug 2025
Banks carry almost $1b of unseen flooding risk: research
Economy

Banks carry almost $1b of unseen flooding risk: research

The fresh academic research came as the reporting season opened.

Staff reporters 25 Aug 2025