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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: Survey: Global economic growth will reach 2.6 percent this year, accelerating next year. Sellers: Lower tax on construction work will not significantly affect the price and sales of construction materials. Analysts: Confidence in the economy does not indicate a sharp rebound from the bottom. Study: 12,897 companies were added in the Czech Republic in 2023, a thousand fewer than the year before. Germany is no longer threatened with a gas shortage during the winter, and supplies will be quickly replenished over the summer. Inflation in Slovakia slowed in December, but remained in double digits for the entire year. Analysis: Inflation in the Czech Republic was the fifth highest in Europe in December, and the sixth highest in November. Zamrazilová: There must be a broader political consensus on the Czech Republic's entry into the eurozone. The German economy shrank by 0.3 percent last year under the pressure of global crises. The number of banknotes and coins in circulation increased last year, but their value fell. The diversion of traffic from the Suez Canal is making the situation of the Egyptian economy more difficult. The Ministry of Finance expects economic growth of 1.2 percent this year, inflation of 3.1 percent. Reuters: The poor state of the German economy threatens the Czech Republic and Hungary. Czech GDP fell by 0.4 percent last year, according to analysts, this is a consequence of inflation. Unemployment in the Czech Republic rose in December, according to analysts due to the season. A record 282,658 entrepreneurs closed their businesses last year; the reason is the data box. The World Bank expects global growth to slow to 2.4 percent this year. Survey: 29.8 percent of Czech companies encounter obstacles in the EU market. DPA: Inflation in Turkey - when butter and meat become luxury. Industrial and construction production fell in November, foreign trade did well. According to analysts, the development of producer prices shows the end of the inflation wave. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. Inflation in Britain unexpectedly accelerated to four percent in December. Bloomberg: The transition to electric cars threatens suppliers in the Czech Republic and Slovakia. Today is the last day to file a property tax return. The inflation rate in Argentina has reached 211 percent, the highest in 32 years.

Stock exchanges: The Czech National Bank almost tripled the volume of gold in reserves last year to 30.67 tons. The price of gas in Europe has fallen below 30 euros per megawatt hour for the first time since August.

Finance: Survey: A third of Czechs are considering putting money away for retirement in DIPs. Most of 11 approved bitcoin ETFs will not survive, Grayscale CEO says. BlackRock to acquire Global Infrastructure Partners for $12.5 billion. Hypoindex: Average mortgage rate fell to 5.96 percent in early January. CNB: Corporate demand for loans fell, household demand grew. The Bank of England left the base rate at 5.25 percent, as expected. Wells Fargo bank increased profit in the quarter thanks to lower costs. Bloomberg: Chinese banks are tightening their approach to Russian clients due to US sanctions. Survey: More than half of Czech couples consider household income to be joint. ECB will probably cut interest rates in the summer, central bank chief Lagarde said. The Ministry of Finance sold government bonds for CZK 8.8 billion, demand was three times higher. Banks provided mortgages for CZK 150 billion last year, a quarter less year-on-year. The Russian Central Bank will stop publishing information on monetary policy. Raiffeisenbank's net profit fell by 27.1 percent last year to CZK 5.5 billion. Spot bitcoin funds are heading to the market in the US, some analysts see it as a new era. German Deutsche Bank's profit fell by 28 percent in the quarter, preparing layoffs. Association: Dynamic supplementary savings funds yielded an average of 20.6 pct..