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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: SB: China's economic growth will continue to slow down next year. CNB: Czech household debt rose to 2.33 trillion crowns in August. Industrial prices slowed year-on-year growth in September, agriculture moderated the decline. Analysts: Nobel laureates showed the importance of institutions for prosperity. China has invested over USD 100 billion in clean energy abroad since 2023. Poles are upset that Draghi did not talk to them when writing the report on Europe's lagging behind. Industrial and construction prices rose in August, while agriculture fell again. Business activity in the eurozone unexpectedly fell in September, Germany is at risk of recession. Analysis: Trade between Britain and the EU has fallen by more than a quarter in the last three years. Analysts: Agricultural price developments point to the end of food price cuts. The Spanish central bank has raised its GDP growth estimate to 2.8 percent thanks to tourism. Survey: 56 percent of small entrepreneurs considered closing their businesses. Goldman Sachs has improved its outlook for the Chinese economy for this year and next. The Czech National Bank's foreign exchange reserves increased by 7.5 billion to 138.1 billion euros in September year-on-year. The Nobel Prize ceremony for science will begin on Monday, APA has 22 favorites. Inflation in Turkey fell below 50 percent in September for the first time in more than a year. The Czech National Bank plans to increase the share of stocks in foreign exchange reserves, strengthening the share of American stocks. Reuters: The German economy will decline again this year, leading economic institutes expect. Study: Thanks to production at Třinecké železárny, the state has earned 54 billion CZK in 14 years. China's economic growth slowed to 4.6 percent in the quarter, but beat estimates.

Stock exchanges: The price of gold exceeded $2,700 per troy ounce for the first time. Rio Tinto to buy Arcadium for $6.7 billion, will be a key lithium miner. The price of gold exceeded $2,600 per troy ounce for the first time. The Czech National Bank bought almost five tons of gold in the third quarter, holding 46.41 tons. Mining giant Rio Tinto is negotiating the takeover of lithium miner Arcadium.

Finance: The Chinese central bank is introducing the largest measures to support the economy since the pandemic. Survey: Two-thirds of the Czech population do not know what a long-term investment product is. Hypomonitor: Mortgage volume fell by 8.1 billion to 24.2 billion CZK in September. China's central bank cut key interest rates to support growth. Hypomonitor: Mortgage volume fell by 8.1 billion to 24.2 billion CZK in September. EU auditors: Budget errors reached 5.6 percent, fraud persists. China's central bank cut interest rates, will consider further support by the end of the year. The world's longest-serving central bank chief may get another term. Study: Fintech companies' revenues rose last year, but market valuations fell. Survey: Two-thirds of Czechs are trying to value their money, 41 percent are investing. Pressure is growing in the ECB to further reduce interest rates, Slovak governor Kažimír is against it. Index: The average Czech investor in funds earned 8.65 percent this year. Survey: Czechs prefer real estate investments, followed by savings accounts. Fed cuts key interest rate by half a point to 4.75 to 5.00 percent. Survey: 14 percent of Czechs have no financial reserves. Bank identity launches electronic signing without registration. Hungary's central bank cuts key interest rate to 6.50 percent. ECB cuts interest rates by a quarter of a percentage point, deposit rate to 3.25 percent. Genesis Growth Equity Fund I buys majority stake in Slovak company TechPlasty. Partners Banka has 70,000 clients in six months, more than other new banks.