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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: Inflation fell in January, some experts expect it to be below three percent. Customs collected CZK 162.3 billion in taxes last year, CZK 2.9 billion less year-on-year. The inflation rate in Germany slowed to 2.5 percent in February. Industrial conditions continued to deteriorate in February, but less than in January. The inflation rate in Hungary continues to fall rapidly, reaching 3.8 percent in January. The threat of an economic recession in the US has decreased, according to a survey of economists. IMF: The Middle East economy is being held back by Israel's war with Hamas and lower oil production. Japan has slipped into recession, losing its position as the world's third-largest economy. The Czech economy performed better in the fourth quarter than the Czech National Bank had expected. Inflation rate in Britain in January remained at four percent, growth was expected. Deloitte: The number of mergers and acquisitions in Europe and the UK fell by 24 percent last year. Inflation slowed to 2.3 percent in January, welcomed by Fiala and Michl, the opposition is critical. 85 percent of Czechs feel the effects of inflation, but expect it to get better. Real wages in the Czech Republic have fallen again, according to analysts they are at the level of 2017. Consumer prices in China in January fell by the most in 14 years year-on-year. Confidence in the Czech economy fell again in February. WSJ: Indonesia is trying to join the family of Asian economic tigers. Fuel prices in Cuba have risen by 500 percent, electricity has also become more expensive.

Stock exchanges: Gold is at another record, a troy ounce costs more than $2,157. The price of gold is at a record high thanks to the expected reduction in interest rates in the US. Gold exports from Switzerland were the highest in six years in January. Gas, electricity and grain prices are falling this year, while oil, aluminum and cotton are becoming more expensive. According to analysts, silver is set to have a successful year, the price may rise to a 10-year high.

Finance: Hypoindex: The average mortgage rate rose to 5.62 percent in early March. Some banks are advising clients not to withdraw money from Euronet ATMs. S&P raised Portugal's rating to A-, praising the reduction in debt. The volume of crowdfunding investments increased by two billion to three billion CZK last year. Capital One buys Discover credit card issuer for $35 billion. Société Générale's net profit fell by 60 percent, but beat estimates. Retail investors have been withdrawing from European real estate funds for almost a year. Partners Bank, part of the Partners financial group, is starting operations these days. Survey: Two-thirds of Czechs regularly save money for retirement. The European Investment Bank supported projects worth 47.5 billion crowns in the Czech Republic last year. The Russian Central Bank has stopped raising interest rates, the base rate is 16 percent. Analysts: The price of gold is heading for records this year, the reason is budget deficits. Austria's Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. UniCredit Bank: Real estate investments were less disadvantageous in February than in January. HSBC increased its profit last year to a record more than $30 billion. Banks provided mortgages worth 13 billion CZK in January, double the year-on-year figure. China has lowered the reference rate for mortgages, wanting to stimulate the real estate market. The profit of the largest European banks exceeded 100 billion euros for the first time last year. Reuters: Deutsche Bank intends to file for liquidation of a Chinese developer. Fitch changed the outlook of the main credit rating of the Czech Republic from negative to stable. Index: Mutual funds made investors a profit in January, equity funds two percent. A boy with a genetic disorder returned to the Czech Republic after surgery in France.