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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. Argentine opposition politician calls for Maduro's arrest if he comes to CELAC summit. Lagarde: Eurozone economic outlook has improved despite high inflation. Central bank: French economy to weaken sharply next year. World Economic Forum meeting to have record attendance this year. Bloomberg: Falling property prices in Sweden may deepen economic crisis. According to CNB Governor Michl, the Czech Republic is expecting a year of significant inflation reduction this year. Analysts: Industry grew the least since July in November, only thanks to car production. France's inflation rate surprisingly fell to 5.9 percent in December. Business activity in the eurozone fell less than expected in December. Economists from Goldman Sachs have improved their outlook for the eurozone, no longer expecting a recession. Survey: German companies expect only a slight recession in the German economy. The Ministry of Culture will support cooperation between designers and businesses. Analysts criticize the government for not reforming public finances in the first year. Analysts: The November decline in construction production does not indicate a crisis in the sector. Creditreform: There will be more corporate insolvencies in Germany this year for the first time since 2009. The British economy grew surprisingly in November, supported by football. Oxfam: Extreme wealth and poverty increased simultaneously for the first time in 25 years. The EBRD invested a record 13.1 billion euros last year, part of which went to Ukraine. According to the CRIF study, the number of bankruptcies of companies and entrepreneurs in the Czech Republic decreased last year. The Swiss Central Bank reported a record loss of 132 billion francs. Allianz Trade: Global economic growth could accelerate next year. According to Reuters, Greece has repaid a loan from the eurozone early for the first time. PwC: 73 percent of CEOs expect a global economic downturn this year. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. Deloitte: The Czech Republic is facing a recession due to the energy crisis, GDP will fall by 1.1 percent. The Czech Republic enters 2023 with a presidential election, people will not go to the polls again until a year later. The BDI industry association expects the German economy to decline by 0.3 percent this year.

Stock exchanges: Gas for the European market continues to fall in price, reaching 70 euros per MWh in the morning. Sweden's LKAB has found the largest known deposit of rare earth metals in Europe. Analysts: A ceiling on gas prices may worsen the energy crisis. The price of gas for the European market has fallen below 70 euros per megawatt-hour. BASF and Eramet plan a nickel and cobalt processing plant in Indonesia. The price of gold has risen to a six-month high.

Finance: JPMorgan and Bank of America increased profits, but Citigroup's profit fell. Auditing firm Mazars suspended cooperation with clients from the crypto world. Index: The value of all types of mutual funds fell in December. New York State accuses the founder of the crypto-credit company Celsius of fraud. Lebanon promised to pay a ransom to the UN to regain voting rights. The quarterly profit of Goldman Sachs and Morgan Stanley banks fell significantly. The US authority extended Sberbank CZ's exemption from sanctions, sales can continue. Central banks continued to expand gold reserves last year. Survey: 35 percent of Czechs have experience with investing. Confederation of Industry: The share of euro loans in companies has increased by almost half. J&T Fund received approval from the Czech National Bank to acquire 19.99 percent in Moneta Money Bank.