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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 retail sales fell the most in more than 20 years. Economists say the bottom of the economic downturn can be expected in the second quarter. FT: Central Europe fears the effects of the German economic slowdown. Slovaks are the most frequent foreign owners of Czech companies. The Slovak economy has fallen the most since the 2009 crisis. The growth of the Indian economy has slowed down due to the coronavirus. Survey: Czechs are afraid of the future because of the coronavirus. The title of Entrepreneurial Head won the honey vending machine project. Economists say that even worse wage developments can be expected in the second quarter. Survey: 75 percent of exporters cannot solve the effects of the crisis on their own. Sales of older homes in the US have fallen the most in a decade. The US is working to reduce its dependence on supplies of goods from China. Restaurants and hotels will open on Monday, wearing masks outdoors will end. Confidence in the economy rose slightly in May after a previous decline. Profits of Japanese companies in the quarter fell the most since 2009. The Japanese economy has entered a recession, facing the impacts of the coronavirus. EIU: Coronavirus will lead to a decline in economic globalization. Farmers: Vegetable prices will probably remain at current levels.

Stock markets: Coronavirus in Israel has also hit the diamond market hard. The world's deepest mine in South Africa has been closed, 164 workers have been infected.

Finance: Association: Non-banking companies provided 6.8 percent less money this year. Raiffeisenbank's net profit fell by nine percent to CZK 808 million. According to experts, the global economy will recover in 2022 at the earliest. ČNB: New mortgages fell by a billion in April, the crisis did not manifest itself. HN: Disclosure of companies in COVID III does not violate banking secrecy. Most banks have not yet signed a cooperation agreement on COVID III. Analysts: Gold is the most expensive in seven years, the price may continue to rise. The World Bank has already provided coronavirus aid in 100 countries. The British central bank is not yet considering negative interest rates. Analysts: The downgrade of Société Générale will not threaten KB in any way. Gerber will replace Pupala at Monety savings and mortgage bank. Index: Mutual funds reduced the losses from February and March in May. Raiffeisen Bank's profit fell by 22 percent due to coronavirus. The compensation decree is to take into account the loss of care and the costs of Covid. Fitch agency has worsened the credit rating of the owner of Komerční banka. Home Credit has stopped executions based on arbitration clauses. Gold again at seven-year records, the reason is still concerns about the pandemic. The number of corporate bankruptcies in Germany could increase by 54 percent. Rusnok: I can rule out the introduction of an exchange rate commitment in the foreseeable future. Bloomberg: Kellner's bet on China is turning against him. So far, the ČMZRB has approved assistance to 1,800 entrepreneurs in COVID programs. Insurance companies have uncovered fraud worth hundreds of millions of crowns this year. Investment fund Czegg Ventures will distribute a billion among 30 companies. German consumers can take out a loan with negative interest. Fed chief warns of a longer-term slowdown in the US economy.