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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: Czech GDP fell by 0.4 percent last year, according to analysts, this is a consequence of inflation. The Czech National Bank will discuss interest rates, analysts expect them to fall further. PwC survey: Czech company bosses are more optimistic than a year ago. The diversion of transport from the Suez Canal is making the situation of the Egyptian economy more difficult. DPA: Inflation in Turkey - when butter and meat become a luxury. Survey: 29.8 percent of Czech companies encounter obstacles on the EU market. Industry in the Czech Republic fell by 0.4 percent last year, which is the worst result since Covid. Survey: Global economic growth will reach 2.6 percent this year, and accelerate next year. Germany is no longer threatened with a gas shortage during the winter, it will quickly replenish its supplies over the summer. Inflation in Slovakia slowed in December, but remained in double digits for the whole year. The number of banknotes and coins in circulation increased last year, while their value decreased. The German economy shrank by 0.3 percent last year under the pressure of global crises. Analysts: Industry will start growing slowly this year, to about two percent. Inflation in Britain unexpectedly accelerated to four percent in December. Reuters: The poor state of the German economy threatens the Czech Republic and Hungary. PwC: Optimism among business leaders has doubled worldwide in the past year. Stanjura: The government should not set a date for the introduction of the euro before the elections. The IMF has improved its estimate of this year's global economic growth to 3.1 percent. According to analysts, the development of producer prices shows the end of the inflation wave. Analysts: Confidence in the economy does not indicate a strong rebound from the bottom. Retail sales fell by 4.1 percent year-on-year last year. The integration of AI in companies is already a necessity, said Pejša from Creative Dock in Davos. DIHK: The US will overtake China and be Germany's most important trading partner.

Stock exchanges: Demand for gold rose by three percent last year to a record 4,899 tons. The price of gas in Europe fell below 30 euros per megawatt hour for the first time since August. According to analysts, silver is set to have a successful year, the price may rise to a 10-year high.

Finance: UniCredit: Central and Eastern European economies will grow by three percent in 2024 and 2025. Analysis: The price of gold in the Czech Republic has risen in line with inflation over the past three years. Swiss bank UBS reduced its quarterly loss and intends to resume buying back its shares. The twenty largest hedge funds earned a record $67 billion last year. Bloomberg: Chinese banks are tightening their approach to Russian clients due to US sanctions. Raiffeisenbank's net profit fell by 27.1 percent last year to CZK 5.5 billion. Moneta Money Bank's net profit last year was CZK 5.2 billion, up slightly year-on-year. Most of the 11 approved bitcoin EFTs will not survive, said the head of Grayscale. Allianz Trade: The risk of companies' inability to repay their obligations decreased worldwide last year. Bloomberg: Renáta Kellnerová is changing the face of PPF, turning the group more towards the West. The Ministry of Finance sold government bonds for CZK 8.8 billion, demand was three times higher. Survey: Czechs are most concerned about their health, neglect preventive checks. Revenues of companies in the Partners financial group rose by 17 percent last year to CZK 4.1 billion. Turkey's central bank governor resigns, to be replaced by deputy. Goldman Sachs reports quarterly profit growth, Morgan Stanley sees profit decline. Russian banks post record profit last year on credit growth. Turkey's central bank raises key interest rate to 45 percent. Generation Z spends on luxuries in despair over economic prospects. JPMorgan Chase plans one of its biggest branch expansions in years.