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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 fell the most in a decade, deflation looms. WTO: World trade has recovered significantly, but it is likely to slow down. According to analysts, inflation will remain below three percent for the rest of the year. Activity in Chinese factories grew at the fastest rate in three years. Confidence in the economy fell again, most among service entrepreneurs. The crown strengthened against the euro to CZK 26.27, reacting to tax changes. The foreign trade surplus increased year-on-year to CZK 34.4 billion. The Czech Republic is among the countries coping with the coronavirus the worst. The Slovak economy grew by double digits after the previous decline. Bain: Sales of luxury goods will fall to a record low this year. The Polish central bank improved its outlook for full-year GDP development. BDO: Three quarters of companies have no protection against online threats. Large companies are likely to cut dividends this year by the most since 2009. Consumer confidence in Germany continues to fall due to the lockdown. Bisnode: The same number of companies are closing this year as last year, when it was a record. A record 314,000 people lost their jobs in Britain in the quarter. The Japanese economy has emerged from recession, growing the most since 1980. Atradius: The world economy will fall by 4.3 percent this year,. The Turkish economy has returned to strong growth, exceeding estimates.

Stock exchanges: Bloomberg: Canadian company wants to mine "green" gold in Iceland. The price of gold has fallen below $1,800, the lowest in almost five months.

Finance: Euler Hermes: The pandemic has negatively affected 54 percent of European companies. CNB report: There is no immediate reason to change the rate setting. Partners has obtained a CNB license to operate a pension company. Spanish bank BBVA will sell PNC's American activities for USD 11.6 billion. The most absurd bank fee is the SMS authorization fee. Chinese banks will increase profits again next year, the Bank of China expects. The Ministry of Finance has called on non-bank loan providers to help clients. According to the analysis, the risk for Slovak banks is loan defaults. The value of banknotes and coins in circulation has exceeded CZK 700 billion for the first time. Reuters: Spanish bank Santander will cut 4,000 jobs. According to the CNB, the banking sector has maintained its resilience even during the pandemic. Association: Non-bank companies provided 18 percent more loans this year. less money. In an alternative estimate, the Czech National Bank expects GDP to decline next year as well. Bank loans rose by 198 billion in October to 6.27 trillion CZK. The EU is selling more special bonds, high interest continues. The Czech National Bank left the reserve for credit market protection at 0.5 percent. Japan's SoftBank has a record profit thanks to the sale of assets. Survey: 16 percent of Czechs do not know a single investment product. Raiffeisenbank's net profit fell by 53 percent this year to 1.7 billion CZK. Survey: Czechs are behaving increasingly responsibly in relation to loans. Experts: The Czech National Bank indicated that they are not afraid of further increases in real estate prices. Half of Czechs would provide their birth number or ID card online. Analysis: You can pay up to 95,000 more for an annual loan of 50,000 CZK. Heureka Group will increase the issue of five-year bonds to 650 million CZK.