Tuesday, January 2, 2018

New Zealand Immigration Rate May Go Up With Strong Economy By 2018

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For a huge amount of immigrants, the very reason why they are choosing to be in a new country is because their home country is just not able to give them enough financial stability. This can be because their home country can have a really weak economy and that can have a huge impact on how they actually earn and how they spend.

When looking for a new country to live in, these immigrants usually look for places that are able to provide them with a good and strong economy and that would allow them to have a really good income. A good income can help them get what they need daily and also be able to enjoy all the other things in life that money can buy. It can also help them provide for the families (or extended families) that they may have left behind in their home country.

New Zealand is one of the countries in the world with a strong economy and it is highly possible that the immigration rate there can actually go up again by 2018 as the country is expected to be place 51st when it comes to the ranking of the strongest economies in the world.

The forecast for New Zealand’s economy

As per a new report that was recently published, New Zealand is seen to go one step higher next year in its current rank in the list of the top and strongest economies in the world. This means that the country would likely go from its current state of 52nd place and go up to 51st. This is as per a global report that was part of the 2018 World Economic League Table. The report continued that the prediction for NZ which would go up next year also means that the GDP of the country would be better. GDP is the Gross Domestic Product and it is how a country’s economy is being measured.

The report also continued that the growth in New Zealand’s economy would also grow by up to 3.5 per cent. This would most likely happen by the end of 2017. By 2018, the prediction is that New Zealand’s economy would continue to grow by another three per cent.

Contributions to the growth

According to experts, the growth in New Zealand’s economy can be attributed to the contributions that were brought by the construction industry. Aside from that, the tourism industry has also contributed greatly as it is still growing. Immigration is also a big factor in terms of the growth in the country’s economy. These has been backed up by the data and research that was shared and published in the mentioned global report that was published by the CEBR (which is also known as the Centre for Economics and Business Research).

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