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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. Study: European middle class has seen a deterioration in living standards. The Czech Republic is the sick man of Europe, it is trapped in mediocrity, wrote the newspaper Die Welt. Inflation rose to 8.5 percent in October, but according to experts, inflationary pressures are weakening. CSSA: The number of entrepreneurs in the Czech Republic increased by 27,000 this year to a record 1.131 million. CNB: The balance of payments ended the 3rd quarter with a surplus of CZK 4.6 billion. Analysts: The real purchasing power of Czechs has decreased to the level of 2018. Inflation in November was 7.3 percent, experts expect a sharp decline in January. The Czech economy will not avoid a decline this year, analysts agree. The 5,000-crown note is the least used and the third most counterfeited banknote. Singapore will start testing the central bank's digital currency next year. Consumer confidence in the US has fallen to a six-month low. Le Monde: Cyprus has become a key base for the porn industry due to taxes. Inflation in Turkey rose to 62 percent in November, housing is mainly more expensive. Stock: The trend of lower consumption of spirits continues, it will be affected by higher taxes next year. The inflation rate in Japan rose to 3.3 percent in October, services are also becoming more expensive. Prague's self-employed woman of the year: The best marketing is to be your own influencer. When negotiating rates, the Czech National Bank was concerned about price adjustments due to rising energy prices. The British economy reported zero growth in the third quarter. The inflation rate in Hungary fell below ten percent in October for the first time since last spring. Analysts: The construction market cannot be expected to recover, it will fall further this year. Year-on-year price growth slowed to 7.3 percent in November, the Czech Statistical Office announced. 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 gold has climbed above $2,000 per troy ounce again. The American company ExxonMobil plans to become a leading lithium producer. 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 has fallen below 72 euros per ton due to a slowdown in industry.

Finance: Moody's has lowered the outlook for the US rating to negative due to fiscal deficits. The US central bank did not change interest rates, hinting at a reduction next year. CBA: To send money at some banks, the recipient's phone number is enough. Survey: The financial situation of Czech households has improved slightly year-on-year. According to its boss, the ECB will not reduce interest rates for several more quarters. Turkey raised the base interest rate to 40 percent due to high inflation. The net profit of the ČSOB group in the three quarters fell by five percent to CZK 13.6 billion. The ECB is imposing stricter requirements on the French Société Générale due to risk. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. J&T Banka has completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. The Banking Association expects a GDP decline of 0.4 percent this year, growth of 1.8 percent next year. Entrepreneurs Tykač and Holeček have established a foundation that will support the CEVRO school. The value of American households' assets fell for the first time in a year in the third quarter. From today, only platforms with a license from the Czech National Bank can offer investment crowdfunding. According to the head of the central bank, the decline in inflation in Poland will slow down. Survey: According to 71 percent of Czech households, Christmas will cost up to CZK 15,000. Survey: Czechs want to counter inflation by investing in gold or real estate.