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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: The Swiss Central Bank reported a record loss of 132 billion francs. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. EU and Czech residents are most concerned about the rising cost of living, according to Eurobarometer. The inflation rate in France in December surprisingly fell to 5.9 percent. The Czech Republic is the only EU country whose state debt increased in the third quarter of last year. Allianz Trade: World economic growth could accelerate next year. The BDI industry association expects the German economy to decline by 0.3 percent this year. After years of wrangling, Democratic congressmen have published Trump's tax records. According to analysts, the eurozone economy will decline next year, also due to inflation. According to the IMF chief, global economic growth should rebound from the bottom this year. Oxfam: Extreme wealth and poverty increased simultaneously for the first time in 25 years. The budget deficit was 360.4 billion CZK, national debt increased to 2.895 trillion. The Japanese central bank did not change its monetary policy despite pressure. The Czech National Bank could raise rates in the event of a large January price increase. The inflation rate in Argentina exceeded 94 percent, the fifth highest in the world. Reuters: A Japanese worker got a pay raise for the first time in 20 years. After two years, the government agenda was not dominated by Covid, but by the Russian invasion. The Senate committee did not support breaking banking secrecy due to the OLAF investigation. Markets underestimate the ECB's determination to continue raising rates, a member of the Governing Council warned. PwC: 73 percent of CEOs expect a global economic downturn this year. Business activity in the eurozone fell less than expected in December. Analysts criticize the government for not reforming public finances in its first year. Central Bank: French economy will weaken sharply next year. 108 billion CZK paid out from the IROP program in the ending period, 72 percent of the total amount. According to the CRIF study, the number of bankruptcies of companies and entrepreneurs in the Czech Republic decreased last year. German industry returned to growth in November, but some companies are facing a downturn. The Entrepreneur of the Year of the Zlín Region is Tomáš Dudák, CEO of Spur. The EBRD invested a record 13.1 billion euros last year, part of which goes to Ukraine.

Stock exchanges: The price of gold rose to a six-month high. Gas for the European market continues to fall in price, reaching 70 euros per MWh this morning. Bloomberg: India is the main driver of the steel industry thanks to construction. Analysts: A ceiling on gas prices may worsen the energy crisis. Sweden's LKAB has found the largest known deposit of rare earth metals in Europe.

Finance: Former CNB governor Jiří Rusnok will be an advisor to the Allianz board of directors from February. Audit firm Mazars has suspended cooperation with clients from the crypto world. Bloomberg: Goldman Sachs intends to lay off around 3,200 employees. WHO needs $2.54 billion this year, facing a large number of crises. CNBC: SpaceX will receive $750 million from investors. Hartenberg from Babiš's trust funds multiplied net profit to CZK 130 million. Insurance companies uncovered fraud worth more than CZK 1 billion last year, more than a year ago. Index: The value of all types of mutual funds fell in December. Lebanon promised to pay a debt to the UN to regain its voting rights. Russia's largest bank Sberbank's profit fell by 76 percent last year due to sanctions. Analyst: Oil and gas prices have risen this year, industrial metals have generally become cheaper. Goldman Sachs and Morgan Stanley's quarterly profit fell significantly.