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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
>> New Zealand's economy has been on a tare fueled by dairy and tourists. But that success has actually led to an unexpected crisis, homelessness. Tens of thousands of people are sleeping in shop entrances, alleyways, and even their vehicles.>> It's not a kind country, it's not an easy country.
00:00:21
If you're down on, I slept in my car 20 days last year.>> In fact, among the 35 high-income OECD countries, New Zealand has the highest homeless rate. Reuters' Jonathan Barrett explains why.>> Over the past five or six years, New Zealand's economy has expanded at one of the fastest rates of any other developed country.
00:00:43
But there has been a down side. Rocketing house prices and rentals have pushed people who were on the margins into the streets.>> An estimated 1% of the population has no permanent place to live. And the problem is especially keen among the indigenous Maori population. Many Newzealanders are looking to prime minister Jacinda Ardern for help.
00:01:05
Her party put fixing the housing crisis at the heart of its election campaign last year. The government has earmarked $2.6 billion US, to make more affordable housing available, but the plan has its critics.>> Housing experts who spoke to Reuters say the government plans might come unstuck. Because they haven't properly addressed the massive skill shortage in New Zealand.
00:01:27
And while the government is throwing a lot of new money at this problem, critics say that there aren't quite the radical reformers that they presented themselves to be at last year's election.>> Meanwhile New Zealand's economic golden run continues. The government expects growth to hit 3.8% in 2019.
00:01:48
That maybe great news for those invested in country's booming industries, but may also mean more uncertainty for the people who are being left behind.