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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: Analysis: Budget expenditures in 2024, adjusted for inflation, correspond to 2019. PwC: Inflation remains the main scarecrow for investors, concerns are lower than last year. Chinese industry and retail grew more than expected, but deflation still threatens. Singapore will begin testing a central bank digital currency next year. CNB: The Czech Republic's foreign debt rose to CZK 4.546 trillion in the third quarter. Stock: The trend of lower consumption of spirits continues, it will be affected by higher taxes next year. Slovaks are retiring en masse, companies see this as a risk. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. Experts: Foreign trade was driven by car exports and lower prices for imported oil and gas. Czech Statistical Office and Czech National Bank: The net worth of Czech households last year was 3.77 million crowns. Year-on-year price growth slowed to 7.3 percent in November, the Czech Statistical Office announced. The Czech economy will no longer avoid a decline this year, analysts agree. 2024 will bring restrictions on tax rebates, an increase in real estate tax, or changes to VAT. Chains are reacting to VAT changes with actions, according to the analyst, it is mainly marketing. Study: The European middle class has seen a deterioration in living standards. Institutes: The German economy will grow significantly slower than expected next year. The five-thousand-crown note is the least used and the third most frequently counterfeited banknote. The Japanese economy fell sharply in the third quarter, the threat of recession is growing. Analysts expect a slowdown in year-on-year inflation to seven percent in November. The British economy fell slightly in the third quarter, a recession is looming. Analysts: No recovery in the construction market is expected, it will fall even further this year. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. Inflation in Turkey rose to 62 percent in November, housing is mainly more expensive. Analysts: The impact of economic stagnation on unemployment is minimal. The price of Russian Urals oil fell in November, but remained above the price ceiling. According to analysts, inflationary pressures in the Czech Republic are clearly weakening.

Stock exchanges: The price of emission allowances in the EU fell below 72 euros per ton due to the slowdown in industry. The price of gold climbed to a record high after the speech of Fed Chairman Powell. Commodity prices on the markets have mostly fallen this year, their index has written off 8.5 percent.

Finance: Bloomberg: SpaceX offered more shares, the company's value exceeds 175 billion USD. Retail investors invest significantly more in ETFs than institutions, a survey has found. The value of American households' assets fell for the first time in a year in the third quarter. The Hungarian central bank again reduced the base interest rate by 0.75 percentage points. The head of the German central bank warned against hasty interest rate cuts. Turkey raised the base interest rate to 40 percent due to high inflation. Banks have started to reduce mortgage rates, Moneta, KB and Raiffeisenbank announced a decrease. ČSOB analysts: Inflation in the Czech Republic will fall next year, GDP growth will be weak. According to analysts, investments next year will hardly surpass this year's stock growth. Fuchs leads the combined online comparison sites Srovnejto.cz, Klik.cz and ePojisteni.cz. Hypoindex: The average mortgage rate rose to 6.02 percent in early December. The German central bank has significantly worsened the economic outlook for next year. Survey: Domestic dollar millionaires are increasingly becoming investors. Index: Mutual funds made significant profits for investors in November. The British central bank has not changed interest rates, it wants to keep them high for longer. Survey: Czechs want to counter inflation by investing in gold or real estate.