Over the last couple of months I’ve lost track of the number of comments I’ve seen, from outlets that really should no better, suggesting that New Zealand’s economy at present is the envy of the world. Radio New Zealand’s Checkpoint seems a particularly egregious offender, but that might just be because I often have it on while I’m making dinner. But I’ve seen similar lines in the Herald, from Business New Zealand and a variety of other outlets.
The people running this line, when they aren’t just running propaganda, seem constantly to lose sight of just how much of our real GDP growth – itself not that impressive by the standards of previous growth phases – is accounted for by our very rapid population growth, in turn the result of our large (but fairly stable) inward immigration programme, and the reduction in the net outflow of New Zealanders.
Quarterly real per…
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Utopia, you are standing in it! 
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