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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: Industrial production in the Czech Republic fell the most in July since last April. UN: Damage caused by the spread of invasive species amounts to approximately USD 423 billion annually. Analysts: The period of decline in the average real wage is the longest in the history of the Czech Republic. Analysts: Higher costs are behind the decline in construction production, it is not profitable to build. Vinyl producers GZ Media increased sales to CZK 5.6 billion last year, profit to a billion. Dividend payments could be record this year, the company Janus Henderson estimated. Bundesbank: The German economy will probably stagnate again in the third quarter. HK analysis: The Czech Republic has exhausted all growth factors, lost its competitive advantages. Business activity in the eurozone is rapidly declining, the service sector is also in decline. The US economy grew less than expected in the quarter after data revisions. Colliers: The industrial real estate market grew the most in five years. German industry orders fell, German exporters are now pessimistic. CVVM: Three-fifths of Czechs are in favor of progressive income taxation, the trend is unchanged. China emerged from deflation in August. Chamber of Commerce: Excessive administration costs the state and companies billions of crowns. The inflation rate in Turkey is increasing significantly again, reaching 58.9 percent. According to analysts, the decline in inflation slowed in August, and is expected to be over eight percent. Survey: 60 percent of companies are skeptical about the development of the Czech economy. The average wage in the second quarter fell by 3.1 percent in real terms, reaching CZK 43,193. Česmad: There are fewer orders for truck carriers, this may be a harbinger of a crisis.

Stock markets: Bloomberg: Prices of one of the most popular diamond sizes are falling sharply. The price of gold has fallen to a five-month low of below $1,890 per ounce. Interfax: Lukoil is requesting permission to buy back shares from foreign investors. Analysts: A global lithium shortage could occur as early as 2025.

Finance: Survey: Czechs need to have 1.46 million CZK saved for retirement for peace of mind. Partners has received a banking license from the Czech National Bank, the new bank will be called Partners Banka. The central bankers' symposium in Jackson Hole has begun, Powell's speech is awaited. FT: The Norwegian sovereign wealth fund has become the largest shareholder of the Swiss bank UBS. CNBC: Fitch warns against downgrading the ratings of dozens of banks, including JP Morgan. Indian Minister: The dollar will not lose its influence in the global economy for a long time. The Slovak Fiscal Council has drawn attention to the poor condition of the country's state finances. Comparator: The volume of corporate bonds fell in June, but yields rose. Analysis: Only one percent of Czechs have financial assets of over five million crowns. The S&P Global agency has lowered the credit ratings of several American banks. Analyst: Commodity prices on the markets have been falling this year, the index is minus five percent. The Czech Republic is threatened by weak growth associated with higher inflation, warns economist Horská. BBC: The former head of the British central bank will head the board of directors of Bloomberg. Hypoindex: The average mortgage rate fell to 6.1 percent at the beginning of September. The Partners Group expects to open Partners Bank to clients in the spring. Comparator: Ten bond issuers will be insolvent in a year and a half, or 1.7 percent. The Turkish central bank unexpectedly raised the base interest rate to 25 percent. Russian Raiffeisenbank introduces a fee of 1,000 USD for transferring dollars to Russian accounts. IMF: The ratio of global debt to world economic performance fell again last year. J&T Bank's net profit rose by two billion to 3.1 billion crowns in the first half of the year. S&P agency downgrades the Casino chain, indicating a probable bankruptcy.