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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: Analysts: The impact of economic stagnation on unemployment is minimal. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. Business activity in the eurozone surprisingly decreased again in December. FT: The number of bankruptcies is growing, the end of Covid aid and high interest rates are to blame. According to analysts, inflationary pressures in the Czech Republic are clearly weakening. One of the most cited Czech economists, Milan Zelený, has died, he was 81 years old. The most valuable Czech companies are ČEZ, EPH and Agrofert, according to the Seznam Zpráv ranking. Singapore will start testing the central bank's digital currency next year. Year-on-year price growth slowed to 7.3 percent in November, the Czech Statistical Office announced. Study: The European middle class has seen a deterioration in living standards. The Japanese economy shrank by 2.9 percent in the third quarter, less than expected. CRIF analysis: 207,772 entrepreneurs were lost in the Czech Republic by the end of November this year. The global value of mergers and acquisitions fell below three trillion dollars this year. Inflation in Germany surprisingly fell significantly in November, to 2.3 percent. Around 100,000 people will have to file a property tax return in January. Chains are reacting to VAT changes with actions, according to the analyst, it is mainly marketing. The Czech National Bank has lowered interest rates, according to Michl, inflationary pressures are fading. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter. The Slovak Central Bank expects faster GDP growth and significantly lower inflation. Czech National Bank: The balance of payments ended the third quarter with a surplus of CZK 4.6 billion. The outcome of the CNB's interest rate talks is uncertain, according to analysts. Inflation in Turkey rose to 62 percent in November, with housing becoming more expensive. 2024 will bring a reduction in tax credits, an increase in property tax, and changes to VAT. Analysts: The construction market cannot be expected to recover, it will decline even further this year. Study: People underestimate the wealth gap between the rich and the poor. Experts: Inflation in the Czech Republic will weaken next year, the economy is expecting a slight recovery. According to analysts, October's industrial growth was more of a fluctuation than a change in trend.

Stock markets: The price of gold has climbed above $2,000 per troy ounce again. The price of emission allowances in the EU has fallen below €72 per tonne due to a slowdown in industry. The price of gold rose to a six-month high near $2,020 per ounce.

Finance: Turkey raised its base interest rate to 40 percent due to high inflation. Survey: Domestic dollar millionaires are increasingly becoming investors. Moody's has worsened the outlook for China's credit rating from stable to negative. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. Over 400,000 people have activated the contactless payment service in a month. Iran and Russia will not trade in dollars, but in their own currencies. ČSOB analysts: Inflation in the Czech Republic will fall next year, GDP growth will be weak. Raiffeisenbank analysts: GDP in the Czech Republic will grow by 1.7 percent next year. The German central bank has significantly worsened the economic outlook for next year. Fuchs leads the combined online comparison sites Srovnejto.cz, Klik.cz and ePojisteni.cz. The Hungarian Central Bank has reduced the base interest rate by 75 points to 10.75 percent. Bloomberg: SpaceX has offered additional shares, the company's value exceeds 175 billion USD. Bloomberg: Billionaire Vítek founded companies in the Emirate of Abu Dhabi. The Czech National Bank has relaxed the rules for mortgages, but experts do not expect a major market recovery. Analysis: The Czech Republic is among the countries in Europe with the highest increase in the number of card payments.