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New Zealand Forecast to Lose 20,000 People After Border Reopens

New Zealand will lose more people than it gains after its border reopens, exacerbating a labor shortage and damping economic growth, according to Kiwibank.

The country could lose as many as 20,000 people by the end of the year, a net migration outflow not seen since 2011, Kiwibank economists said in a research note published on Monday.