Is there anyone left to employ?

New Zealand has been patting itself on the back after seeing figures from the IMF which show that over the period 1999-2005, the NZ economy grew at an average of 3.7 per cent per year. (Better than Australia at 3.3 per cent and much better than the average of all advanced economies at 2.6 per cent.)

But is NZ happy? Of course not, they are now worried that the increased productivity that has underpinned this growth may stop and that they will need more employees to fuel further growth – employees they don’t have with current record low unemployment figures.

So, NZ may soon be looking for expats to return and for new immigrants to join. Or, of course they could find that productivity growth is always possible– and find they have enough resources after all.