The Peter Zeihan Podcast Series Economic Troubles for New Zealand || Peter Zeihan
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Mar 7, 2025 New Zealand faces tough economic challenges with a surprising 1% contraction and a wave of 80,000 people leaving. The discussion dives into the repercussions of a faltering economy, including higher living costs and tourism impacts from a weak currency. As skilled youth exit, the podcast highlights how global trends are mirrored in New Zealand's struggles, raising concerns about the future of this beloved nation.
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New Zealand's Economy
- New Zealand's economy, like many developed nations, relies heavily on services.
- However, its most dynamic sectors are agriculture and tourism, currently facing challenges.
Kiwi Emigration
- Approximately 80,000 Kiwis emigrated last year, a significant loss for a nation of 5 million.
- These emigrants, often young and skilled, are drawn to job markets in Australia, the US, and the UK.
Agricultural Advantages
- New Zealand's favorable climate and fertile land contribute to its agricultural prowess.
- Its dairy sector boasts high quality and low production costs, giving it a competitive edge.