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'Escape the crunch' and move abroad

People should move abroad and become an expatriate if they want to find a way to escape the doom and gloom of the current economic climate in the UK, it has been suggested.

According to the Independent, many British citizens are choosing to live in countries such as Brazil to escape financial difficulties in their home country as it has a booming economy and a warm climate.

New Zealand was also identified as a good place to expatriate because it has not been hit as hard by the credit crunch as European and North American countries.

Oliver Watson, regional managing director of international recruitment consultant Michael Page, advised: "If you are looking for an overseas opportunity, look for a sound gross domestic product and an economy linked to natural resource."

The Institute for Public Policy Research forecasts that more than 3.3 million British pensioners will be living overseas by 2050.

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