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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: Experts: The development in the allowance market was the most interesting ever this year. WFP: Millions of people in Zimbabwe are at risk of hunger. Central Bank: Russia's GDP will be at pre-crisis level by the end of the year. MSCI will exclude Chinese companies from global indices. The pandemic in Europe has significantly reduced emissions, in aviation by half. Employers: The Czech economy may start growing in 2021. CEBR: China will overtake the US economically in 2028. Japanese exports unexpectedly accelerated their decline, while growth was expected. Inflation in the EU fell to 0.2 percent, the eurozone remains in deflation. Bundesbank expects strong growth in the German economy after the second wave of the virus. Unicorn Group increased sales year-on-year to CZK 4.7 billion. The Ministry of Finance will need less money to finance debt in 2021. The Office for the Protection of Competition imposed a fine of 4.5 million crowns on Skyport. Analysts: Industry mainly prevented a greater economic downturn. Arete sells real estate to Cromwell European for three billion crowns. The French central bank has worsened the GDP outlook for next year. A record 370,000 people lost their jobs in Britain in three months. Economists: The pandemic has deprived the economy of hundreds of billions of crowns. Confidence in the economy increased in December after a two-month decline. Bisnode: The number of unreliable VAT payers increased by one tenth last year.

Stock exchanges: Demand for silver could be the highest in eight years this year. Retail investors have moved from GameStop shares to silver. China has increased quotas for the extraction of precious metals to a record. Reuters: Oil prices have experienced a record drop this year, concerns persist.

Finance: Banks' net profit in three quarters fell by 31.7 billion to 38.6 billion CZK. Commerzbank has agreed with unions to eliminate 2,300 jobs. Survey: Three-quarters of Europeans are trying to help others at Christmas. Michl expects the fastest economic growth in history in the second quarter. ČMZRB supported the financing of more than 10,000 projects, a record. The British central bank left monetary policy unchanged. Petr Staněk will head the CNB statistics department from January. The CNB increased its profit last year to a record 91.9 billion CZK. Survey: Czechs consider bank account data to be the most sensitive. According to estimates, the CNB will leave interest rates unchanged on Thursday. EIB to lend almost nine billion crowns to Czech companies. Fed promises to buy bonds until economy recovers. Housing loans up seven percent in November to 22.1 billion. CNB report: Strong growth in mortgages and housing prices is surprising. Entrepreneurs from COVID programs received 36 billion CZK as of November 30. Association: Number of insurance frauds increased by 14 percent last year. Survey: Almost every second Czech thinks the crisis is here. Moody's affirms Czech Republic's rating despite debt growth. Silver price fell today after Monday's six-month record. Index: Mortgage rates remained at 2.03 percent in November. PPF Group wants to negotiate with Moneta for the second time about merging with Air Bank.