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Bolivia to pick a rightwing president, ending 2 decades of socialist rule
•Bolivians voted for a new president on Sunday between two pro-business candidates, ending two decades of socialist rule that have left the beleaguered South American nation deep in economic crisis.
Rising inflation and job worries heighten economic anxiety among US adults
Fp Staff •Americans are growing increasingly concerned about their ability to find a good job under President Donald Trump, an Associated Press NORC Center for Public Affairs poll finds, in what is a potential warning sign for Republicans as a promised economic boom has given way to hiring freezes and elevated inflation.
UK faces worst living standards growth, highest inflation growth in West, says IMF
Fp Staff •In a double blow to British Prime Minister Sir Keir Starmer's efforts to raise living standards, the IMF has warned that the UK will see the worst living standards growth and the highest growth in inflation in the Western world next year.
How Americans are the ones losing after Trump’s tariff war
Fp Explainers •Donald Trump’s sweeping tariff campaign — designed to revive US manufacturing — has shifted much of the cost burden to American households and businesses. Goldman Sachs estimates that US consumers now bear 55 per cent of tariff costs, while companies absorb 22 per cent, and foreign exporters just 18 per cent
'Defeated': Inflation remains above Fed target, but Trump and some officials downplay risks
Fp Staff •Despite inflation rising above the Fed’s 2% target, President Trump and some Fed officials have downplayed it, calling prices under control. Economists warn tariffs and ongoing price hikes could keep inflation elevated, risking the Fed’s credibility.
Japan’s economy shrinks in last quarter, says report but Takaichi may not complain
Fp Staff •Japan’s economy likely contracted in Q3 due to tariffs, weaker exports and a weak yen but PM Sanae Takaichi sees opportunity in currency-driven gains for exporters, signalling a potential pivot toward strategic growth despite economic headwinds.