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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: Restaurants and hotels to open on Monday, wearing masks outdoors ends. Reuters: Central European businesses see opportunity in crisis. According to the central bank, the Australian economy is facing a record recession. Farmers: Vegetable prices will probably remain at current levels. Chamber: Lack of money is starting to cause tension between companies. EIU: Coronavirus will lead to a decline in economic globalization. The Japanese economy has entered a recession, facing the effects of the coronavirus. Retailers' sales fell by 8.9 percent in March due to the coronavirus. Employers are asking for social security payments to be waived. ADB: Coronavirus could cost the global economy $8.8 trillion. UNWTO: International tourism could fall by up to 80 percent this year. According to an expert, forest degradation threatens national security. TI: Billions to support the economy must not go to tax havens. Survey: 75 percent of exporters cannot solve the effects of the crisis on their own. German economy fell by 2.2 percent, is in recession. Japanese exports in April fell the most since the global financial crisis. Analysts: Unemployment data point to a recession in the economy. Bloomberg: Poland, the only EU country to survive 2008, will succeed again. According to estimates, the economy fell by three percent year-on-year in the first quarter. The British economy fell the most since the financial crisis in 2008.

Stock markets: The price of gold exceeded 1750 USD, reaching its highest level since 2012. Metal coating will improve the properties of tools from conventional 3D printers.

Finance: Gerber replaces Pupala at Moneta savings and mortgage bank. Gold again at seven-year records, still due to concerns about the pandemic. The British central bank expects the deepest GDP decline in 300 years. Rusnok: I can rule out the introduction of an exchange rate commitment in the foreseeable future. The number of corporate bankruptcies in Germany could increase by 54 percent. The Czech National Bank expects a decline in public finances to a deficit of 4.8 percent of GDP this year. The Czech National Bank drew attention to the activities of ESOS International. Analysts: Gold is the most expensive in seven years, the price may continue to rise. Air Bank's net profit fell by five percent this year to CZK 321 million. According to experts, the global economy will recover in 2022 at the earliest. Survey: Most Europeans shopped more online in April. Fio Bank's profit increased by 28 percent this year to CZK 376 million. Banks will not immediately respond to the CNB's base rate cut. Analysis: Single-parent households are most economically at risk. Fed chief warns of a longer-term slowdown in the US economy. CNB record: Nidetzký and Michl voted for a milder rate cut. Hypoindex: Average mortgage rate fell in April, volume at record high. Raiffeisen Bank's profit fell by 22 percent due to coronavirus. Komerční banka's profit fell by 16.3 percent in the first quarter to CZK 2.7 billion. Japan's central bank will provide loans to small and medium-sized companies. Japan's central bank has its first female executive director. Zárúční banka is to sign COVID III contracts with banks on Friday. The World Bank has already provided coronavirus assistance in 100 countries.