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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: Putin should have come to confront us, Sunak told G20 leaders. Survey: German businesses expect only a slight recession in the German economy. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the state was founded. Despite high inflation, the Turkish central bank has cut interest rates to nine percent. Construction is falling, trade remains in deficit, industry is growing only thanks to a weak last year. Economists: The Eurozone faces a significant economic recession, recovery will be slow. Analysts: This year's foreign trade deficit could exceed CZK 200 billion. IMF mission: The Czech economy will decline by around half a percent next year. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. Analysts: The situation on the labor market is worsening, unemployment will slowly increase. Central Bank: The French economy will weaken sharply next year. Analysts criticize the government for not reforming public finances in the first year. Study: Czech companies will invest CZK 61 billion in digitalization in three years. Activity in the US manufacturing sector fell for the first time in two and a half years. Survey: Almost half of Poles intend to limit spending on Christmas gifts this year. Hot tub manufacturers USSPA last year saw after-tax profit fall to CZK 13 million, sales rose. Unemployment in Slovakia fell to a more than two-year low of 5.90 percent. New Zealand's central bank raised the base interest rate, warning of a recession. Slovak government proposed a special tax on excess income of electricity producers. OECD: Global slowdown will hit Europe hardest next year. Study: In October, the number of corporate bankruptcies fell, while business bankruptcies rose. German economic experts expect a milder recession next year than the government. The first coins with the portrait of King Charles III are entering circulation in Britain. After years of wrangling, Democratic congressmen have published Trump's tax records. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. Michl: The base interest rate is already at a level that dampens economic activity. Atomico: The value of European technology companies has fallen by 400 billion USD this year. In October, the Czech National Bank spent 79 million euros on interventions, the least in the intervention period. The Czech National Bank left the limits for providing mortgages unchanged. Survey: German companies plan to expand activities in Africa next year.

Stock exchanges: Kovohutě Příbram wants to use photovoltaics and light fuel oils. EBRD and the Netherlands will provide 372 million euros to the Ukrainian company Ukrenergo. The price of gold has reached a six-month high. Analysts: The gas price cap may worsen the energy crisis. Vietnamese electric car manufacturer VinFast has applied for listing on the US stock exchange. Metal processing company Saker saw significant growth in sales and profits last year.

Finance: Buffett's Berkshire bought a stake in Taiwanese chip manufacturer TSMC. 136,000 people joined supplementary pension savings this year, reaching 1.6 million. McLaren sold part of its collection of vintage cars to raise money for the new Arturo supercar. Home Credit is selling assets in the Philippines and Indonesia for almost CZK 15 billion. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million. Hungary is approaching billions from the EU budget, according to the minister, it has complied with Brussels. Survey: Czechs keep less and less cash at home. Crypto credit company Nexo will end its activities in the USA. Auditing firm Mazars has suspended cooperation with clients from the crypto world.