Inflation looks temporary, but growth risks persist
Monthly payrolls shrink, total labour demand contracts
Higher operating costs seen as the main obstacle to growth
Negative economic shock from U.S. increases urgency of long-standing challenges
The negative impact of higher tariffs on outlook, employment portends slump
Fallout from flighty U.S. policy starting to show up in economic data
Despite weaker economic outlook, labour markets holding up
Layoffs remain low despite tariff uncertainty
Despite headline gains, some countries saw incomes under pressure in Q4
Tourism-related sectors will suffer from growing aversion to U.S. visits