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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: Moravian-Silesian companies do not plan to close operations due to coronavirus. Growth of the Chinese economy accelerated to 4.9 percent in the 3rd quarter. Survey: Most smaller companies in Europe have existential fears. Analysts: Industry was unpleasantly surprised, September should be better. EBRD expects a more significant economic decline in the countries where it operates. SB: Coronavirus may plunge 150 million people into extreme poverty. Deloitte in the Czech Republic withdrew a study on the impact of warming on the economy. The decline in Japanese exports slowed significantly in September. The British economy grew less than expected in August. According to analysts, inflation will continue to fall. Production of a wood processing sawmill in Štětí was ceremonially launched. Reuters: Interest in EU special bonds is at a record high. Survey: Half of smaller companies will have to cut costs. Year-on-year inflation fell to 3.2 percent in September, and is likely to continue to fall. South Korea's economy returned to growth in the third quarter. Economic sentiment in Slovakia has risen, again affected by the pandemic. EU countries have not yet shown interest in the credit half of the crisis fund. Investor confidence in the eurozone economy has fallen for the first time in six months.

Stock markets: The US is imposing tariffs on aluminum sheets from 18 countries. In 2021, the price of a troy ounce of gold will not exceed $2,000 on average.

Finance: Lending provider Zonky has become part of Air Bank. Spanish central bank: strict quarantine will worsen the expected crisis. Most funds have lost money this year, with stocks losing an average of four percent. The G20 group has extended the moratorium on payments for poor countries. Morgan Stanley is buying asset manager Eaton Vance for seven billion USD. Zahálková is the new executive director of the Czech Banking Association. The World Bank will provide $12 billion for a vaccine for developing countries. Banks have confirmed to the Ministry of Finance that they are ready to deal with the moratorium on payments individually. Arca Capital has agreed on financing with Blantyre Capital. KPMG: Household finances are starting to feel the cooling of the economy. The Fed has extended the restriction on banks' dividend payments and share buybacks. Andorra has joined the International Monetary Fund. Non-bank credit companies have rules for clients in a moratorium. A company from the Bohemia Energy group is buying the supplier Energie ČS. Almost two-thirds of Czechs are actively using modern payment methods. The largest Swiss bank, UBS, has doubled its quarterly profit. EY: 7,500 jobs in the financial sector left Britain due to Brexit. The Czech National Bank revoked the license of the Prague currency exchange Changer. Hypoindex: The average mortgage rate fell for the sixth time in a row in September. Government debt for this year's second quarter is the highest in 20 years. The Bundesbank has called on German banks to prepare for a wave of insolvencies. The British central bank is considering negative interest rates. Association: Banks ready to help clients affected by the pandemic. S&P surprisingly improved the outlook for Italy's credit rating. According to Rusnok, the financial market has made great progress since the 1990s.