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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: CZSO and CNB: The net worth of Czech households was 3.77 million crowns last year. CNB: The Czech Republic's foreign debt rose to 4.546 trillion CZK in the third quarter. The Slovak Central Bank expects faster GDP growth and significantly lower inflation. The price of Russian Urals oil fell in November, but remained above the price ceiling. According to analysts, October's industrial growth was more of a fluctuation than a change in trend. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. Approximately 100,000 people will have to file property tax returns in January. The Czech economy will no longer avoid a decline this year, analysts agree. Bloomberg: According to analysts, the eurozone economy will enter a recession. Analysts: The construction market cannot be expected to recover, it will decline further this year. The British economy contracted slightly in the third quarter, a recession is imminent. The five-thousand-crown note is the least used and third most counterfeited banknote. BCG data: The fewest mergers were concluded in the Czech Republic in the third quarter since 2014. Analysts: GDP is held back by household consumption, companies maintain increasingly high profitability. Analysts: The real purchasing power of Czechs has decreased to the level of 2018. PwC: Inflation remains the main scarecrow for investors, concerns are lower than last year. Experts: Foreign trade was driven by car exports and lower prices of imported oil and gas. CNB: Czech household debts to banks rose to CZK 2.24 trillion in October. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. Inflation in Turkey rose to 62 percent in November, housing is mainly more expensive. FT: The number of bankruptcies is increasing, the end of Covid aid and high interest rates are to blame. The outcome of the CNB's negotiations on interest rates is uncertain, according to analysts. The global value of mergers and acquisitions fell below three trillion dollars this year. Inflation in November was 7.3 percent, experts expect a sharp decline in January. Chains react to VAT changes with actions, according to the analyst, it is mainly marketing. Analysts expect annual inflation to slow to seven percent in November.

Stock exchanges: CNBC: Copper prices may increase by more than 75 percent in the next two years. The price of gold temporarily reached a record, exceeding $2,100 per troy ounce. The price of emission allowances in the EU fell below 72 euros per ton due to the slowdown in industry.

Finance: The German central bank has significantly worsened the economic outlook for next year. Iran and Russia will not trade in dollars, but in their own currencies. The US central bank did not change interest rates, indicating their reduction next year. The Turkish central bank increased the base interest rate to 42.5 percent. ČSOB estimates: The volume of mortgages provided last year fell by 25 billion to 138 billion CZK. CNB: Banks' gross profit increased by 5.5 billion to 180.1 billion CZK in three quarters. Survey: Over 27 percent of Czechs rate 2023 as financially successful, more than last year. The value of American households' assets fell for the first time in a year in the third quarter. Bloomberg: SpaceX offered more shares, the company's value exceeds 175 billion USD. Moody's has worsened the outlook for China's credit rating from stable to negative. The Czech National Bank has eased mortgage rules, but experts do not expect a major market recovery. The Israeli central bank has reduced its base interest rate by a quarter of a percentage point. According to analysts, investments next year will hardly surpass this year's stock growth. Government debt rose to 3.214 trillion CZK in the third quarter of last year. Banks have started to reduce mortgage rates, with Moneta, KB and Raiffeisenbank announcing a decrease. Analysis: The Czech Republic is among the countries in Europe with the highest increase in the number of card payments.