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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: Spiegel: German government will significantly reduce this year's economic growth outlook. SAO to examine gambling supervision and gambling tax collection. Exporters' Association warns against CNB rate hikes, says it is losing hundreds of billions. The German economy returned to growth last year, GDP increased by 2.7 percent. PwC survey: Three-quarters of Czech companies increased prices last year. Growth in business activity in the eurozone slowed in January, omicron hit services. Germany wants to attract 400,000 qualified workers from abroad each year. The unemployment rate in Britain surprisingly fell to 4.1 percent in November. Deloitte: The economy will grow by 4 percent this year and reach the pre-pandemic level. Czech household debt to banks rose to CZK 2.049 trillion in December. Inflation rose to 6.6 percent in December, and will continue to rise to 10 percent. The IMF has urged El Salvador to refrain from introducing bitcoin as legal tender. The US economy grew by 5.7 percent last year, the most since 1984. Orbán: The government will reduce the prices of six basic foods from February. CRIF: The number of personal bankruptcies fell by 11 percent last year to 15,443. Study: China invested the most in Iraq in the new Silk Road project last year. The Chinese economy grew by 8.1 percent last year, the fastest in a decade. Experts: VAT exemption reduced December inflation, it may be 10 percent in January. The CNB Council raised the base interest rate to 4.5 percent, the highest since 2002. The number and value of banknotes and coins in circulation increased last year. Inflation in Slovakia rose to 5.8 percent in December, the highest in 17 years. Trade Union: Compensation programs saved tens of thousands of small and medium-sized companies. Bruegel: Interruption of Russian gas supplies would have serious impacts on the EU economy. The US trade deficit in goods exceeded one trillion for the first time last year. The Indian central bank will introduce a digital currency in the next financial year.

Stock exchanges: Experts: Precious metals fell in price last year, oil and industrial metals rose significantly. The price of uranium is increasing significantly due to unrest in Kazakhstan. The price of gold has lost almost four percent this year, the most since 2015. Shares of French EDF have fallen sharply, the government is demanding cheap nuclear energy from rivals. De Beers has significantly increased diamond prices, according to Bloomberg sources by about eight percent.

Finance: Portal: Czechs have twice as much gold at home as there is in the CNB's safes. The cost of labor in the US is rising sharply, said the head of investment bank JPMorgan. The Hungarian central bank has increased the base interest rate more significantly than expected. Reuters: Křetínský will probably sell his stake in Aareal Bank. Household deposits in banks increased by 197.6 billion to 3.02 trillion crowns last year. The Hungarian central bank has increased the base interest rate the most in a decade. Italy's UniCredit tripled its profit last year, also exceeding estimates in sales. US banks Morgan Stanley and Bank of America increased quarterly profits. The volume of new bank loans in China rose to a record last year. The head of Credit Suisse resigned due to violations of Covid rules. A BBC financed only commercially would not provide the same services, its boss warns. Investment crowdfunding platforms must have a license from the Czech National Bank. Ukraine needs money, has limited access to markets due to the risk of invasion. Russia returns to the government bond market, has secured almost a billion dollars. Developers: Higher mortgage interest rates will not affect speculative buyers.