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Kiwi Exodus to Australia Hits 13-Year High Ahead of Election

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Kiwi Exodus to Australia Hits 13-Year High Ahead of Election New Zealand’s exodus of citizens to Australia accelerated in the first three months of the year, reaching the highest in 13 years in a further blow to the government just weeks from an election, latest data show. There were 12,471 departures in the period, Statistics New Zealand said Wednesday in Wellington. The measure, which often rises in the first quarter as young people finish study and look for opportunities offshore, was the...

Kiwi Exodus to Australia Hits 13-Year High Ahead of Election New Zealand’s exodus of citizens to Australia accelerated in the first three months of the year, reaching the highest in 13 years in a further blow to the government just weeks from an election, latest data show. There were 12,471 departures in the period, Statistics New Zealand said Wednesday in Wellington. The measure, which often rises in the first quarter as young people finish study and look for opportunities offshore, was the highest since the three months to March 2013.
Kiwi Exodus (ORG) Australia (LOCATION) New Zealand’s (LOCATION) Statistics New Zealand (ORG) Wellington (LOCATION)
Originally published by Bloomberg Markets Read original →