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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: PwC: Inflation remains the main scarecrow for investors, concerns are lower than last year. CZSO and CNB: The net worth of Czech households last year was 3.77 million crowns. The most valuable Czech companies are ČEZ, EPH and Agrofert, according to the Seznam Zpráv ranking. Year-on-year price growth slowed to 7.3 percent in November, the CZSO announced. CNB: The balance of payments ended the 3rd quarter with a surplus of 4.6 billion CZK. Chains react to VAT changes with actions, according to the analyst, it is mainly marketing. The Japanese economy fell by 2.9 percent in the third quarter, less was expected. Analysis: Budget 2024 spending, adjusted for inflation, is in line with 2019. Experts: Foreign trade was driven by car exports and lower prices for imported oil and gas. The German economy shrank by 0.1 percent quarter-on-quarter in the third quarter. Singapore will start testing a central bank digital currency next year. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. Le Monde: Cyprus has become a key base for the porn industry due to taxes. According to analysts, inflationary pressures in the Czech Republic are clearly weakening. The Slovak Central Bank expects faster GDP growth and significantly lower inflation. Inflation in Germany surprisingly fell significantly in November, to 2.3 percent. The outcome of the CNB's interest rate talks is uncertain, according to analysts. FT: The number of bankruptcies is rising, the end of Covid aid and high interest rates are to blame. CNB: Czech Republic's foreign debt rose to CZK 4.546 trillion in Q3. CNB cuts interest rates, Michl says inflationary pressures are easing. Business activity in the eurozone surprisingly fell again in December. Bloomberg: Eurozone economy will enter recession, analysts say. Economist: A fifth of medical costs in the Czech Republic go to heart and blood vessel diseases. Chinese industry and retail grew more than expected, but deflation still threatens. Stock: The trend of lower consumption of spirits continues, will be affected by higher taxes next year.

Stock exchanges: The price of gold has climbed above $2,000 per troy ounce again. The price of gold has climbed to a record high after Fed Chairman Powell's speech. Commodity prices on the markets have mostly fallen this year, their index has written off 8.5 percent. The price of emission allowances in the EU fell below 72 euros per ton due to the slowdown in industry.

Finance: Turkey has increased the base interest rate to 40 percent due to high inflation. J&T Banka has completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. Retail investors invest significantly more in ETFs than institutions, a survey has found. The Russian Central Bank has increased the base interest rate to 16 percent, as expected. The US Central Bank has not changed interest rates, indicating that they will be reduced next year. The German Central Bank has significantly worsened its economic outlook for next year. The value of American households' assets fell for the first time in a year in the third quarter. Raiffeisenbank analysts: Czech GDP will grow by 1.7 percent next year. Banks have started to reduce mortgage rates, with Moneta, KB and Raiffeisenbank announcing a decrease. Registers: Czech debt rose by 3.5 percent in the third quarter to CZK 3.26 trillion. Index: Mutual funds made significant profits for investors in November. The British central bank did not change interest rates, it wants to keep them high for longer. Bloomberg: SpaceX offered additional shares, the company's value exceeds USD 175 billion. The Turkish central bank increased the base interest rate to 42.5 percent. Analysis: The Czech Republic is among the countries in Europe with the highest increase in the number of card payments. The ECB imposes stricter requirements on the French Société Générale due to risk.