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New Zealand's Jobless Rate and Immigration Surge
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New Zealand's jobless rate is expected to peak at 5.8% by 2025, fueled by high interest rates, rising prices, and an influx of migrants. The country's annual net immigration has reached a record 110,000, easing labor shortages but potentially contributing to inflation and housing market pressures.
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How might the expected rise in unemployment in New Zealand impact the country's economic growth and productivity?
In what ways could the record immigration in New Zealand influence the country's international relations and diplomatic ties?
What measures could the Reserve Bank of New Zealand take to manage the potential inflationary pressures resulting from the record immigration surge?
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