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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 Indian economy is in recession for the first time in history due to coronavirus. Consumer confidence in Germany continues to decline due to the lockdown. Analysts: Budget deficit could be below CZK 400 billion. Coface: The Czech Republic has 78 representatives in the ranking of the 500 largest companies in the region. Activity in Chinese factories grew at the fastest rate in three years. A record number of companies specializing in acquisitions entered the stock market. Consumer confidence in Britain fell to a six-month low. Survey: Companies are coping with the second wave of the pandemic better than the first. The Turkish economy has returned to strong growth, exceeding estimates. Bisnode: The number of companies at risk in the Czech Republic has increased by a quarter to 21,900. The US economy grew at a record pace of 33.1 percent. Prices in Japan fell the most in a decade, deflation looms. Every third European claims to have lost some of their income due to the pandemic. The Czech economy slowed its year-on-year decline in the third quarter. In South Moravia, carriers are especially worried about a no-deal Brexit. The Bundesbank expects strong growth in the German economy after the second wave of the virus. Analysts: Foreign trade also performed better than expected in October. Barometer: Czech companies have increased orders, are stopping layoffs. Deflation in Germany deepened even further in November. Křetínský is reorganizing his group, Tkáč will probably return to EPH. Sentix: Investor confidence in the eurozone economy is the highest since February.

Stock exchanges: The price of gold fell below $1,800, the lowest in almost five months.

Finance: Survey: 16 percent of Czechs are not familiar with any investment product. ECB: Consumers are using cashless payments more due to the virus. MF called on non-bank loan providers to help clients. ČBA: The excess of corporate deposits with banks over loans doubled in October. McKinsey: Banks are expecting four years of lower profits due to the pandemic. ÚOHS: Česká spořitelna may buy Sparkasse. Heureka Group will increase the issue of five-year bonds to CZK 650 million. Survey: Two-thirds of parents save for their children. The performance of equity funds rose to 5.1 percent in November. The Czech National Bank left the reserve to protect the credit market at 0.5 percent. ČSOB survey: Half of companies had to limit their activities. RTR: Morgan Stanley moves 100 billion euros from Britain to Frankfurt. S&P: Global debt will reach 200 trillion USD by the end of the year. Gold sales in the Czech Republic are rising significantly during the pandemic. Co-owner of Penta Haščák has given up executive positions in the group. ČMZRB supported the financing of more than 10,000 projects, a record. The Czech National Bank drew attention to the activities of CROWD1 Network and Impact Crowd. Half of Czechs would provide their birth number or ID card online. Czech household debts to banks rose to 1.842 trillion in October. Global Payments: Retail spending fell by almost a fifth. Experts: The Czech National Bank indicated that it is not afraid of further growth in real estate prices. Moore CR Group buys Pagina Bohemia and Pagina Tax. US bank profits revived in the third quarter, but are lower year-on-year.