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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: Industry analysis: A third of companies will lay off workers, others are waiting. The Swiss economy fell by a record 8.2 percent in the quarter. Survey: Czechs are more willing to accept worse jobs due to Covid. Retail sales in Germany unexpectedly fell in July. The Czech Statistical Office will announce how industry, trade and construction performed in July. Statisticians confirmed a 12.1 percent decline in the Slovak economy. The Brazilian economy fell by a record 9.7 percent in the quarter. Consumer prices slowed to 3.3 percent in August. In a number of Moravian-Silesian companies, workers do not have to wear masks. In August, the Czech Republic added the most entrepreneurs since January 2012. IDEA: The abolition of the super gross wage is the least beneficial for low-income earners. Cuba is said to be planning the first official devaluation of the peso since 1959. CVVM: Czechs' views on the economic situation are improving again. CRIF: In July, 946 business companies were added in the Czech Republic. Italy's economy fell by a record 12.8 percent in the quarter. The budget deficit rose to 230 billion crowns in August. The Greek economy fell by 14 percent, the recession deepened. Consumer prices in the US rose by 0.4 percent in August. GfK: German consumer sentiment worsened in September. The Japanese economy fell more significantly than originally estimated. Analysts: July retail sales results were a positive surprise. Industrial production in the Czech Republic eased the decline to five percent in July. The number of people without a job in August was the highest in the last three years. Deloitte: The Czech Republic is in 25th place out of 163 countries in terms of quality of life. Three companies, including the Czech Charvát group, are investing in Slovakia.

Stock exchanges: American battery manufacturer QuantumScape is going public.

Finance: Commerzbank will stop using EY as an auditor after the Wirecard affair. Moody's has downgraded Turkey's credit rating by one notch. Moneta shareholders approved the non-payment of dividends for last year. According to the co-owner, the Arca group will not pay all its obligations. Economic decline in the 2nd quarter is milder than the Czech National Bank estimated. UBS will start advising clients on sustainable investments. Fed: Economic activity in the US grew slightly in August. Mastercard: A quarter of Czechs use biometric payment verification. August inflation was 0.1 points higher than the CNB estimated. Economists say the abolition of the super-gross wage is an ill-considered step. RBP will contribute two million for widespread testing in companies. British bank Lloyds will eliminate 865 jobs, create new ones. As of August 28, banks had received 399,000 applications for deferral of loan repayments. APS's revenues increased by one percent last year to CZK 1.2 billion. EY: 37 percent of Czechs are unaware of cyber risks. CNB left five banks with rates to cover systemic risk. The pandemic will reduce Germany's tax revenues by almost 20 billion euros in 2021. ECB left monetary policy, including interest rates, unchanged. Four large Chinese banks have the largest drop in profits in a decade.