The discouraged worker effect

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This week Nick and Kelvin discuss the current state of the property market, highlighting the stagnation in property values and the regional variability across New Zealand. 

They delve into the implications of the labour market's performance (including the discouraged worker effect) on the economy and property values, as well as the anticipated monetary policy changes from the Reserve Bank. 

The conversation emphasises the need for a stimulatory approach to encourage economic recovery and the potential future trends in the property market.

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