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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: Of the eight million people infected with coronavirus, one million have been added in a week. SB: 60 million people will find themselves in extreme poverty due to the pandemic. Analysts: April was critical for foreign trade, recovery will come. Survey: Financial chiefs in the region are more optimistic than the OECD. The Guardian: Mumbai is discovering how difficult it is without workers. Analysts: Earlier publication of macro data may unsettle markets. The number of applications for protection from creditors in the US has increased by 48 percent. Fiscal Council: Public finances are unsustainable in the long term. Survey: A third of small and medium-sized exporters are looking for new markets. British economy suffers biggest drop since 1979 due to coronavirus. Roger: Companies pay on average 20 days later than a year ago. Manufacturing output in Japan is lowest since 2009. Analysts: A one-third drop in industry should not be repeated. Le Monde: Hebron economy is only slowly recovering from the lockdown. Record drop in industry, trade balance lowest since joining the EU. Aerospace S.A.B. Aerospace increased its profit to 13 million last year. Švejnar: Czech economy will fall by 7.5 to eight percent of GDP this year. NKÚ: Ministry of Labor spent billions on applied research, did not track the benefits. Survey: A quarter of companies in the Czech Republic plan to robotize in the coming years.

Stock exchanges: Krúpa and partners offer to buy back 29.9 percent of EMH shares. Gold continues to rise in price due to coronavirus, near eight-year high. Analysts say gold miners should invest $37 billion.

Finance: SB: The world economy will fall by 5.2 percent this year due to coronavirus. The Hungarian central bank unexpectedly lowered the base interest rate. The British central bank expanded its bond purchase program. The decree increases healthcare costs to 354 billion crowns. According to analysts, the CNB board will leave rates unchanged on Wednesday. MF survey: 90 percent of households have an account, knowledge of the APR is low. Broker Consulting received an investment company license from the CNB. German payment company Wirecard is missing 1.9 billion euros. The Russian central bank cut interest rates to a record low. Household debts with banks rose to CZK 1.784 trillion in May. Banks: Real estate in the Czech Republic will not fall in price across the board this year, only luxury ones. Survey: Czechs will not complete every 20th payment in e-shops. Expert: CNB reports will enable better economic policy responses. Study: Deferred payment services are on the rise. Gold surpassed an eight-year high, rising by 16 percent this year. CNB has abolished another limit for mortgages, according to it, banks are resilient. Quarterly profit of banks in the US fell by almost 70 percent due to coronavirus. Fed: US economy will fall by 6.5 percent this year. Analysts: Today's move by the CNB will stimulate the mortgage and real estate market. According to the CNB, companies drew CZK 7.4 billion from COVID programs as of June 12. Insurance companies report thousands of damages worth hundreds of millions of CZK from June storms. Survey: Economic elite does not expect a rapid economic recovery. BNP Paribas Cardif insurance company's net profit rose by six percent last year.