Tuesday, July 22, 2008

The exodus to Australia continues

A net 31,900 people crossed the Tasman in the year to June 2008, figures released yesterday by Statistics New Zealand showed. It was the highest migration level in 19 years.

In the year to May 1989, the net figure was 32,000.

Last month, the net outflow of migrants to Australia was 2900, up from 2200 in June 2007.

As many of those migrating to Australia are skilled people, the exodus could worsen the shortage of strategic skills and contribute to the dampening of the economy, says ANZ National Bank chief economist Cameron Bagrie.

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