Bloomberg Business

US Government Shutdown’s Economic Risks Grow the Longer It Lasts

A US government shutdown would have a cascading economic effect, beginning mildly and deepening over time as millions of workers go without salary, private contractors aren’t paid and consumer uncertainty grows over Washington’s dysfunction.

Egypt Clears One Hurdle for IMF Review, Faces Other on Currency

Egypt has removed one key concern that’s held up a review of a $3 billion rescue program with the International Monetary Fund, according to people familiar with the matter, even as impending presidential elections make it difficult to satisfy the crucial demand of a weaker currency.

Thailand Signals End of Tightening as Rate at Decade-High

Thailand’s central bank delivered its eighth straight quarter-point increase to borrowing costs since August 2022, and hinted that interest rates need not go any higher as inflation remains low and economic momentum builds.

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