Kenya protests, Bolivia failed coup show perils of economic hardship

The New Sunbeam Shopping Complex located along Mfangano Street which was broken into and burnt down by looters on June 26, 2024.

Photo credit: Dennis Onsongo | Nation Media Group

Deadly Kenyan protests that scuppered tax hikes and a failed coup amid fading economic prospects in Bolivia this week are violent reminders of the dangers posed by faltering economies and punishing austerity measures.

Bolivia's President and former economy minister Luis Arce fended off the putsch on Wednesday but faces ongoing US dollar shortages and soaring borrowing costs that pushed the country's credit rating to "junk".

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.