Migration’s strong so why isn’t the economy booming?

(Image: NZME)

Mon, 14 Aug 2023

Migration figures remain robust leading analysts to question why the economy and housing market aren’t booming.ASB senior economist Mark Smith said either the migration “boost” this time around is different, or the New Zealand economy is also being hit by adverse shocks. Statistics NZ released its monthly migration update on Monday estimating that in the June year there had been a net migration gain of 86,800 - only 5% less than the high of 91,700 recorded in the March 2020 year, just prior to the border closure.Monthly n...

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