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New Zealand's Economic Landscape
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New Zealand's unemployment rate is predicted to peak at 5.8% by 2025, driven by factors like migrant influx and labor demand drop. The country's credit and debit card spending growth has slowed to its lowest pace in two years, impacting fuel outlet and core retail spending. Record immigration has put pressure on the housing market and may contribute to inflation.
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How might the projected peak in New Zealand's unemployment rate impact the country's labor market and economic growth?
In what ways could the slowdown in credit and debit card spending growth affect the overall economy and consumer behavior in New Zealand?
What measures might the Reserve Bank of New Zealand consider to manage inflationary pressures caused by the record immigration and potential inflationary effects of the slowdown in credit and debit card spending?
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