New Zealand has witnessed a significant decline in immigration, reaching its lowest point in two and a half years during April. This downturn poses potential risks to the nation’s economic recovery, which could lead to further interest rate reductions. According to Statistics New Zealand, annual net immigration fell to 21,317 from a revised figure of 21,959 in March. The announcement comes shortly after the Reserve Bank projected a rebound in immigration this year, signaling possible challenges ahead for the economy.\n— new from Bloomberg
