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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: Prices in Japan have fallen the most in a decade, deflation is at risk. Bankruptcies in the US are at a 14-year low despite the pandemic. CRIF: Fewest companies will be created in the Czech Republic this year since 2014. Analysts: Budget deficit could be below CZK 400 billion. WTO: World trade has significantly revived, but it is likely to slow down. Consumer confidence in Germany continues to decline due to the lockdown. The new head of the Czech Competition Authority, Petr Mlsna, will take office. The number of suspended businesses has increased by 39 percent this year to 90,000. The Indian economy is in recession for the first time in history due to the coronavirus. Developer CTP sold green bonds for CZK 10.5 billion. Scientists from Mendel University will analyze tax evasion. Confederation of Industry fears increase in European climate target. Analysts: Economic recovery behind wage growth, situation will worsen. Atradius: World economy will fall by 4.3 percent this year,. Křetínský reorganizes his group, Tkáč will probably return to EPH. Survey: Companies are coping with the second wave of the pandemic better than the first. Bisnode: The number of companies at risk in the Czech Republic has increased by a quarter to 21,900. The koruna has strengthened against the euro to CZK 26.27, reacting to tax changes. IMF: The global economy is recovering, but may lose momentum. Every third European claims to have lost part of their income due to the pandemic.

Stock exchanges: The price of gold has fallen to a four-month low of around USD 1,830.

Finance: ČMZRB approved support of 47 billion CZK by October, more than in two years. Global Payments: Retail spending fell by almost a fifth. Equity fund performance rose to 5.1 pct in November. Czech household debts to banks rose to 1.842 trillion in October. The value of banknotes and coins in circulation exceeded 700 billion CZK for the first time. Half of Czechs would provide their birth number or ID card online. Survey: 16 percent of Czechs do not know a single investment product. Former World Bank chief James Wolfensohn has died. The Czech National Bank left the reserve to protect the credit market at 0.5 percent. Banks: 89 percent of clients with deferred loans have returned to repayment. The Czech National Bank fined Expobank CZ twenty million CZK. ČMZRB supported the financing of more than 10,000 projects, a record. The Czech National Bank drew attention to the activities of the CROWD1 Network and Impact Crowd. NERV wants to initiate the establishment of a national development bank in the future. Co-owner of Penta Haščák has given up executive positions in the group. ČBA: The excess of corporate deposits with banks over loans doubled in October. RTR: Morgan Stanley will move 100 billion euros from Britain to Frankfurt. The Ministry of Finance called on non-bank loan providers to help clients. ČSOB survey: Half of companies had to limit their activities. Press: Italian bank Monte dei Paschi could cut up to 6,000 jobs. Gold sales in the Czech Republic are rising significantly during the pandemic waves. The Turkish central bank has significantly increased the base interest rate. Survey: Two-thirds of parents save for their children. Provident: More clients now need to borrow for current expenses.