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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: Senate committee did not support breaking bank secrecy due to OLAF investigation. For the war to end, Russia must lose, Scholz said in Davos. IMF does not expect to worsen the outlook for the global economy, the fund's head said. Lagarde: The economic outlook for the eurozone has improved despite high inflation. The Czech National Bank could raise rates in the event of a large increase in prices in January. The Fed, as expected, raised the base interest rate by a quarter of a percentage point. Cross-border payments for online purchases will be recorded due to the fight against fraud. Allianz Trade: Global economic growth could accelerate next year. The British economy surprisingly grew in November, supported by football. Goldman Sachs economists improved the outlook for the eurozone, they no longer expect a recession. According to the Governor of the Czech National Bank Michl, the Czech Republic is expecting a year of significant reduction in inflation this year. Deloitte: The Czech Republic is expecting a recession due to the energy crisis, GDP will fall by 1.1 percent. German GDP fell by 0.2 percent in the 4th quarter, increased by 1.8 percent for the whole year. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. Argentine opposition politician calls for Maduro's arrest if he comes to the CELAC summit. Partners have promised Africa $30 billion to develop food production. The Swiss Central Bank reported a record loss of 132 billion francs. Lawyer Michal and businessman Überall filed constitutional complaints in a tax case. Dun & Bradstreet: The number of unreliable VAT payers increased by 13 percent last year. Domestic start-ups attracted investments worth tens of billions of CZK last year. EBRD invested a record 13.1 billion euros last year, part of which went to Ukraine. EU countries are fighting over new money to support the economy ahead of the summit. Analysts: The November decline in construction production does not indicate a crisis in the sector. The BDI industry association expects the German economy to decline by 0.3 percent this year. The markets are underestimating the ECB's determination to continue raising rates, a member of the Governing Council warned. The budget had a deficit of 360.4 billion CZK, and the state debt rose to 2.895 trillion. Analysts: Industry grew the least in November since July, thanks only to car production.

Stock markets: Swedish LKAB has found the largest known deposit of rare earth metals in Europe. Bloomberg: Tesla is preparing to conclude a preliminary agreement to build a plant in Indonesia. The price of gas for the European market has fallen below 70 euros per megawatt hour. NWT's creditors have filed claims for almost 1.682 billion crowns. Gold exports from Switzerland to a number of countries rose to multi-year highs last year. EUObserver: A mine in the Arctic part of Sweden threatens the indigenous Sami population.

Finance: The US authority has extended Sberbank CZ's exemption from sanctions, the sale can continue. Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Jack Ma will no longer control the Chinese fintech giant Ant Group. Russia's largest bank Sberbank's profit fell by 76 percent last year due to sanctions. Insurance companies revealed fraud worth more than a billion crowns last year, more than a year ago. Lebanon promised to pay a debt to the UN to regain its voting rights. Mastercard: Retail sales before Christmas increased by 11.4 percent year-on-year. ČSOB: Banks provided mortgages worth CZK 163 billion last year, 40 percent of the volume in 2021. Bloomberg: Goldman Sachs intends to lay off about 3,200 employees. JPMorgan and Bank of America increased profits, but Citigroup's profit fell. WHO needs $2.54 billion this year, facing a large number of crises. Goldman Sachs and Morgan Stanley saw significant quarterly profits fall.