Report
New Zealand's uneven recovery tests ruling National Party ahead of Nov. 7 election
National needs urban votes, but city spending lags as tourism and agricultural exports buoy rural areas.
TLDR
Tourism and higher agricultural exports have helped rural areas, while urban spending lags and unemployment has risen on the North Island. House prices have fallen almost 30% from their peak in Wellington and 24.7% in Auckland, eroding middle-class wealth. Tens of thousands of New Zealanders leave each year, many for Australia. Polls show no clear path to government for any potential coalition after the Nov. 7 election.
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