Analysts at TD Securities suggest that although not surveyed, but closely watched by the markets, RBNZ and business, the ‘difficulty in finding labour’ (skilled and unskilled) remains the #1 constraint to doing business in New Zealand.
Key Quotes
“Shrinking net migration is increasingly problematic. In the year to Sep, net migration was 62.6k, 14% below the peak of July 2017. We expect a lack of labour to boost wages over 2019.”
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