Economist warns against slashing immigration flow – RNZ

Economist warns against slashing immigration flow – RNZ

Gareth Kiernan, chief forecaster of the economic consultancy Infometrics, is cautioning political parties about the economic cost of a sharp reduction in immigration.

He said the economy has needed and been able to absorb the more than 70,000 immigrants who had settled here in the past 12 months to fill skills shortages.

“Without these inflows of foreign workers and returning New Zealanders, businesses would have struggled to meet growing demand, and cost pressures would be even more intense in areas such as the construction and tourism sectors.”

By RNZ

http://www.radionz.co.nz/news/business/335108/economist-warns-against-slashing-immigration-flow

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