Last month we reported on the relative high point in net permanent and long term migration levels – with New Zealand’s net gain in population rising, we showed, primarily as result of fewer departures rather than more arrivals....

The economy has suffered its first annual decline in Gross Domestic Product in 17 years. Statistics New Zealand said today GDP for the year to March shrank 1 percent....

Budget figures and forecasts rate this recession the longest and deepest in New Zealand’s recent history....