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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: China recorded a foreign investment deficit for the first time since 1998. According to analysts, October's industrial growth was more of a fluctuation than a change in trend. Study: European middle class saw a deterioration in living standards. 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. Chinese industry and retail grew more than expected, but deflation still threatens. Analysts: Average wage in the Czech Republic fell in real terms in the third quarter. Analysts expect annual inflation to slow to seven percent in November. The inflation rate in Hungary fell below ten percent in October for the first time since last spring. The British economy reported zero growth in the third quarter. Analysts: The impact of economic stagnation on unemployment is minimal. Inflation in November was 7.3 percent, experts expect a sharp decline in January. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. Analysts: The real purchasing power of Czechs has decreased to the level of 2018. The Japanese economy fell sharply in the third quarter, the threat of recession is growing. According to analysts, inflationary pressures in the Czech Republic are clearly weakening. Prague Self-Employed of the Year: The best marketing is to be your own influencer. Stock: The trend of lower consumption of spirits continues, it will be affected by higher taxes next year. BCG data: The fewest mergers were concluded in the Czech Republic in the third quarter since 2014. The Japanese economy fell by 2.9 percent in the third quarter, less was expected. The Czech economy will not avoid a decline this year, analysts agree. Unemployment in the Czech Republic fell to 3.5 percent in October, surprising analysts. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter.

Stock exchanges: The price of gold rose to a six-month high near $2,020 per ounce. Bloomberg: The fall in the price of lithium is deepening, reaching 75 percent this year. 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 above $2,000 per troy ounce again.

Finance: The six largest banks in the Czech Republic saw their profits fall by 1.3 billion to 57.1 billion CZK year-on-year. Hypoindex: The average mortgage rate rose to 6.02 percent in early December. Moody's has worsened the outlook for China's credit rating from stable to negative. The Kellner family will incorporate its assets, including PPF, into the Amalar holding. Registry: Czech debt rose by 3.5 percent in the third quarter to CZK 3.26 trillion. Fuchs leads the combined online comparison sites Srovnejto.cz, Klik.cz and ePojisteni.cz. Survey: Domestic dollar millionaires are increasingly becoming investors. The Banking Association expects a GDP decline of 0.4 percent this year, growth of 1.8 percent next year. Index: Mutual funds made significant profits for investors in November. Moody's has lowered the outlook for the US rating to negative due to fiscal deficits. The Czech National Bank has eased mortgage rules, but experts do not expect a major market recovery. According to its head, the ECB will not cut interest rates for several more quarters. The Hungarian central bank has again reduced the base interest rate by 0.75 percentage points. Entrepreneurs Tykač and Holeček have established a foundation that will support the CEVRO school. CBA: To send money to some banks, the recipient's phone number is enough. The Polish central bank left interest rates unchanged, a reduction was expected. Small investors invest significantly more in ETFs than institutions, a survey has found. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts.