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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: Japanese companies' quarterly profit falls the most since 2009. Central bank: Austrian economy to shrink by 7.2 percent this year. Experts: Czech companies can benefit from EU-Vietnam deal. Slovak central bank expects double-digit economic decline. Industrial production in Germany fell by record in April. Italian prime minister after pandemic questioning: I am completely calm. Švejnar: Czech economy to shrink by 7.5 to 8 percent of GDP this year. Le Monde: Hebron economy recovering slowly from lockdown. OECD: Global economy to shrink by 6 percent this year due to virus. Analysts: Construction sector will continue to need public investment. Government: Swiss economy to experience worst slump in decades. Rhodium: Foreign capital is increasingly interested in Chinese companies. SB: 60 million people will find themselves in extreme poverty due to the pandemic. Record decline in industry, trade balance lowest since joining the EU. Of the eight million people infected with coronavirus, one million have been added in a week. NKÚ: The state has not provided any subsidies for high-speed internet. Survey: Financial bosses in the region are more optimistic than the OECD. Survey: A third of small and medium-sized exporters are looking for new markets. Pelhřimovské kartáčovny will launch more products by designer Novague.

Stock exchanges: According to analysts, gold miners should invest 37 billion USD. Lead and battery producers were helped by new customers during the pandemic.

Finance: Ministry of Finance survey: 90 percent of households have an account, knowledge of APR is low. Survey: Czechs do not complete every 20th payment in e-shops. The ministry has sent a compensation decree to the collection of laws. Association advisor: Banks will close branches and lay off employees. According to the CNB, companies from COVID programs drew CZK 7.4 billion as of June 12. EAG will issue bonds for CZK 1.5 billion. It will use the money for acquisitions. According to analysts, the CNB Board will leave rates unchanged on Wednesday. Coface: The Czech economy will fall by 6.2 percent this year. Expert: CNB reports will enable better economic policy responses. Analysts: Today's step by the CNB will stimulate the mortgage and real estate markets. Most banks have not yet signed the COVID III cooperation agreement. EIB: Banks in Central Europe will face an increase in bad loans. Gold has surpassed an eight-year high, rising 16 percent this year. Banks: Real estate in the Czech Republic will not fall in price across the board this year, only luxury ones. Reuters: HSBC returns to plan to cut 35,000 jobs. The Fed has limited banks' dividends and share buybacks after stress tests. Tomáš Salomon is the new head of the Czech Banking Association, replacing Kavánka. German payment company Wirecard is missing 1.9 billion euros. The IMF has further worsened the economic outlook, expecting a decline of 4.9 percent. IMF: Governments have given ten trillion USD to fight the virus, more is needed. Survey: Financial literacy of Czechs is average within the OECD. The CNB has left rates unchanged, apparently for a longer period. Czech banks have collected 5.5 billion CZK less in fees since 2010. US banks' quarterly profits plunge by nearly 70 pct due to coronavirus.