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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: According to the IMF chief, global economic growth should rebound from the bottom this year. According to CNB Governor Michl, the Czech Republic is expecting a year of significant inflation reduction this year. German GDP fell by 0.2 percent in the 4th quarter, up 1.8 percent for the whole year. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. The World Economic Forum meeting will have a record turnout this year. The Japanese central bank did not change its monetary policy despite pressure. The Swiss central bank reported a record loss of 132 billion francs. Business activity in the eurozone fell less than expected in December. Argentine opposition politician calls for Maduro's arrest if he comes to CELAC summit. EBRD invested a record 13.1 billion euros last year, part of which goes to Ukraine. EY: American companies dominate the stock market despite losses by technology companies. Senate committee did not support breaking banking secrecy due to OLAF investigation. Entrepreneurs in Kroměříž and its surroundings decreased slightly last year, over 12,000 remain. Markets underestimate the ECB's determination to continue raising rates, warned a member of the Governing Council. Partners promised Africa $30 billion to develop food production. CZK 108 billion was paid out from the IROP program in the period ending, 72 percent of the total amount. The number of banknotes and coins in circulation increased last year, but their value fell. German industry returned to growth in November, but some companies expect a downturn. Domestic start-ups attracted investments worth tens of billions of CZK last year. 30 people were indicted in the 438 million CZK fraud case at ČKD Praha DIZ. For the war to end, Russia must lose, Scholz said in Davos. Analysts: The November decline in construction production does not indicate a crisis in the sector. The number of personal bankruptcies in Slovakia increased by almost 12 percent last year. The IMF does not expect the outlook for the global economy to worsen, the head of the fund said. The rise in the cost of living is the biggest concern for EU and Czech residents, according to Eurobarometer. Lagarde: The economic prospects of the eurozone have improved despite high inflation. The BDI industry association expects the German economy to decline by 0.3 percent this year.

Stock markets: Swedish LKAB has found the largest known deposit of rare earth metals in Europe. World Gold Council: Central banks bought the most gold last year since 1967. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. Gas for the European market continues to fall in price, reaching 70 euros per MWh in the morning. EUObserver: Mine in the Arctic part of Sweden threatens the indigenous Sami population.

Finance: Banks: The share of problematic bank loans for households has fallen further. CNBC: SpaceX will receive 750 million USD from investors. Aircraft leasing companies are assessing risks in China and Taiwan. JPMorgan and Bank of America increased profits, but Citigroup's profit fell. Analyst: Oil and gas prices have risen this year, industrial metals have generally become cheaper. Jack Ma will no longer control Chinese fintech giant Ant Group. Insurance companies uncovered fraud worth more than CZK 1 billion last year, more than a year ago. Central banks continued to expand gold reserves last year. US regulators issued a joint warning to banks about the risks of cryptocurrencies. WHO needs $2.54 billion this year, facing a large number of crises. Mastercard: Retail sales before Christmas increased by 11.4 percent year-on-year. US authority extended Sberbank CZ's exemption from sanctions, sales can continue.