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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: ČNB: The balance of payments ended the 3rd quarter with a surplus of CZK 4.6 billion. CRIF: 659 company bankruptcies were declared last year, 40 fewer than a year earlier. The inflation rate in Poland surprisingly slowed down to 6.1 percent in December. Analysts: Inflation fell faster in December thanks to cheaper food. CNB: Czech households' debts to banks rose to CZK 2.244 trillion in November. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. Analysts estimate December inflation between 7.2 and 7.5 percent and 10.8 percent for the year. Industrial and construction production fell in November, foreign trade did well. Experts: Investors' distrust is behind the November decline in apartment construction. The introduction of a global minimum corporate tax will change investment flows, the OECD said. The state collected 1.39 trillion crowns in taxes last year, 17 percent more year-on-year. One of the most cited Czech economists, Milan Zelený, has died, he was 81 years old. Bloomberg: According to analysts, the eurozone economy will enter a recession. Study: People underestimate wealth inequalities between the rich and the poor. The Czech National Bank has lowered interest rates, according to Michl, inflationary pressures are fading. According to analysts, inflationary pressures in the Czech Republic are clearly weakening. PwC: Inflation remains the main scarecrow for investors, concerns are lower than last year. Frolík: The Czech Republic lacks a long-term strategy agreed across the political spectrum. Bloomberg: The transition to electric cars threatens suppliers in the Czech Republic and Slovakia. Analysts expect annual inflation to slow to seven percent in November. Survey: Company CEOs believe inflation will continue to fall, but it will remain higher. Survey: Inflation is a concern for 49 percent of Czechs, and is the main source of concern. The World Bank expects global growth to slow to 2.4 percent this year. Analysts: Unemployment rose in December mainly due to seasonal factors. BCG data: The Czech Republic closed the fewest mergers in the third quarter since 2014. Real sales of Slovak retail fell for the tenth month in a row in November. The outcome of the CNB's interest rate talks is uncertain, according to analysts. The global value of mergers and acquisitions fell below three trillion dollars this year.

Stock markets: The price of cocoa on the London market has increased by the most this year since 1989. CNBC: Copper prices may increase by more than 75 percent in the next two years.

Finance: Association: Dynamic supplementary savings funds yielded an average of 20.6 percent last year. The Turkish Central Bank has increased the base interest rate to 42.5 percent. Bloomberg: Billionaire Vítek founded companies in the Emirate of Abu Dhabi. Hungary has the highest debt service costs in the entire European Union. US public debt has exceeded the 34 trillion USD mark for the first time. The British central bank has left interest rates unchanged, it wants to keep them high for longer. The value of US household assets fell for the first time in a year in the third quarter. The Russian Central Bank has increased the base interest rate to 16 percent, as expected. The Hungarian Central Bank has cut its base interest rate by 75 points to 10.75 percent. Czech National Bank: Banks' gross profit rose by 5.5 billion to 180.1 billion CZK in three quarters. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. Banks have started to reduce mortgage rates, Moneta, KB and Raiffeisenbank have announced a decrease. The Israeli Central Bank has cut its base interest rate by a quarter of a percentage point. The large Chinese shadow bank ZEG has entered bankruptcy proceedings. Raiffeisenbank analysts: Czech Republic's GDP will grow by 1.7 percent next year.