NZ economy in the world’s ‘strongest position’ to recover from pandemic | INS The Immigration Specialists Inc.


God's Covenant 13 Good Reasons Info Packed Visa Seminars Nationwide Visa Seminars VIP Card

What's New

  • NZ economy in the world’s ‘strongest position’ to recover from pandemic

    A report shows the economy is careening forward ahead of the rest of the world – but New Zealand needs to quickly find a new way to feed the economic beast without the 'sugar rush' of population growth.

    There are new warnings that New Zealand's slow vaccine rollout will make it harder for the country to maintain its leading position in the worldwide fight against Covid's economic impact.

    The EY report says New Zealand is – for now – in the No 1 position in the global fight against the negative economic and health impacts associated with the ongoing Covid-19 pandemic. 

    Its new Global Covid-19 Economic Index factors in GDP growth and employment, as well as the strength of balance sheets for households, government, central banks, non-financial corporates and financial institutions – and by all those measures New Zealand was ranked in the top six countries in the world. The international consultancy says these criteria provide a broader assessment of the critical factors driving economic strength and a country’s ability to recover from the pandemic.

    Households may feel wealthier when their assets (notably, their houses) appreciate in value, and increase their spending; businesses with strong balance sheets tend to feel more secure in taking risks, increasing debt and investing.

    On both the primary health ranking of the numbers of Covid deaths per 100,000 population and on the aggregated economic index, New Zealand comes out at the top of the ranking of 25 developed nation whose data could be reliably compared. Australia is in second place.

    Money concluded: “New Zealand’s continued success now rests more heavily on the shoulders of productivity-enhancing reform in place of growth that has historically relied on immigration."

    The Productivity Commission is looking at the long-term drivers that can help New Zealand businesses increase their hourly output, but it is not writing off a role for immigration in the long-term.

    Indeed, Minister of Finance Grant Robertson has asked it to conduct an inquiry into the "working age" immigration system and advise how best to adjust it to promote long-term economic growth and the wellbeing of New Zealanders.

    Source: Global Covid-19 Economic Index

    Find out how you can stay in New Zealand!

    INS The Immigration Specialists Can Help!

    We continue to extend professional advice through Consultations in person or via Interactive Online Assessment over Facebook Messenger, Phone Call, and Viber as your options, for you to get Information Straight from our International Migration Specialists.

    Get to know your best prospects and pathways for Immigration in the country of your choice. You can be confident to ACT on your application with the right information and strategies to all your visa concerns.

    Book a consultation today!

    Visa Info Hotlines:

    Makati Branch - 0938.421.6808
    Dagupan Branch - 0928.441.7597
    Baguio Branch - 0928.441.7597
    Laoag Branch - 0928.441.7724
    Bacolod Branch - 0921.922.4499 or 0948.113.1970
    Zamboanga Branch - 0975.952.6469
    Davao Branch - 0928.441.7597

    Submit your resume here:

    Makati Branch -
    Dagupan Branch -
    Laoag Branch -
    Bacolod Branch -
    Baguio Branch -
    Zamboanga Branch -
    Davao Branch -

    Submit your Assessment Details here:  and expect our Migration Information Specialist to reach you shortly.

Stay up to date with the latest news on Canadian and Australian Immigration.