New Zealand has been having some issues, with a 1% economic contraction and roughly 80,000 people leaving the country. What does this mean for one of my favorite countries?
New Zealand is a service-driven economy, but its two key industries – tourism and agriculture – are facing some challenges. The weak Kiwi dollar is great for tourists, but its straining local affordability. The dairy sector may be the most efficient in the world, but a collapsing China will cause major issues for exports.
While there are some hills to climb, it’s not all bad news bears. The Kiwis have stronger demographics than other developed countries and New Zealand could be a haven for skilled workers looking to escape collapsing or struggling countries.
