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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: Inflation is falling due to the comparative base, the effect is being exhausted. Analysts: Industrial production in the Czech Republic fell the most in July since last April. Study: In the Czech Republic, bankruptcies of companies and entrepreneurs increased in August. Analysts: Higher costs are behind the decline in construction production, it is not profitable to build. Vinyl producers GZ Media increased sales to 5.6 billion CZK last year, profit to a billion. China emerged from deflation in August. Dividend payments could be record this year, estimated the company Janus Henderson. Unemployment in the Czech Republic rose to 3.6 percent, economic stagnation is not reflected in it. Inflation in Germany slowed to 6.4 percent in August according to EU methodology. Budget execution should not depend on dividend withdrawals, says opposition. Survey: 60 percent of companies are skeptical about the development of the Czech economy. Business activity in the eurozone is rapidly declining, and the service sector is already in decline. Fuel prices in the Czech Republic have increased further this week, reaching multi-month highs. The Czech National Bank has been reducing the credit market protection reserve rate to two percent since October. Moody's: Global economic growth will slow due to persistent high inflation. Exports from China fell for the fourth consecutive month in August, trade slowdown persists. According to analysts, the decline in inflation slowed in August, and is expected to exceed eight percent. Czech National Bank: Czech household debts to banks exceeded CZK 2.21 trillion in July. Study: Older people have money, yet merchants overlook it. After data revisions, the US economy grew less than expected in the quarter. GDP fell year-on-year, but grew quarter-on-quarter, stagnation is expected for the whole year. Eurozone inflation remained at 5.3 percent in August, growth was expected to moderate.

Stock exchanges: Reuters: G7 group is preparing to announce an embargo on Russian diamond imports. Gas for the European market is becoming more expensive due to planned strikes in Australia. Western companies want to reduce China's dominance by investing in synthetic graphite. Analysts: Global lithium shortage could occur as early as 2025.

Finance: Survey: Czechs need to have CZK 1.46 million saved for retirement for peace of mind. Comparator: Corporate bond volume fell in June, but yields rose. Association: The number of payment cards in the Czech Republic increased by 750,000 this year to 14.75 million. Powell: It is not certain whether interest rates are high enough to curb inflation. Air Bank Group's net profit fell by 28 percent this year to CZK 1.244 billion. Indian minister: The dollar will not lose its influence in the global economy for a long time. Experts: The abolition of interest on bank reserves at the Czech National Bank will make loans more expensive or reduce deposit rates. BBC: The former head of the British central bank will head the board of directors of Bloomberg. The Russian central bank has increased the base interest rate to 13 percent due to inflation. WSJ: Visa and Mastercard are preparing to increase some fees in the US. DPA: The Russian economy is growing, but the effects of the war in Ukraine are increasingly noticeable. The Czech National Bank will launch a registry that will allow sending money to a phone number. Analysis: Only one percent of Czechs have financial assets over five million crowns. The Czech Republic is threatened by weak growth associated with higher inflation, warns economist Horská. Roubini: The Eurozone and Britain must raise rates further due to the risk of stagflation. Russian Raiffeisenbank introduces a fee of 1,000 USD for dollar transfers to Russian accounts. S&P agency downgrades Casino chain, indicates probable bankruptcy. Slovak Budget Council warns of poor state finances. Fitch agency confirms Czech Republic's rating, but outlook remains negative.