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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: Reuters: Alphabet soup, or what a post-virus recovery could look like. Chinese exports and imports fell less than expected in March. Survey: 82 percent of construction workers have financial losses due to coronavirus. More than a quarter of entrepreneurs are having serious problems due to coronavirus. Iran has over 80,000 coronavirus infections and more than 5,000 deaths. The committee assessed the Ministry of Finance's economic development estimates as optimistic. WSJ: The pandemic may sever ties between the Chinese and US economies. Analysts: The economy could benefit from earlier introduction of measures. EIU: The world economy could go through a double recession. The Ministry of Finance proposes exempting spilled beer from excise tax. Entrepreneurs consider the government's relaxation proposal too conservative. Russia reports 3,448 new coronavirus cases, another record. China's economy shrank 6.8 percent year-on-year in the first quarter. Inflation is likely to continue to fall, falling to 3.4 percent in March. Bundesbank: Germany will recover slowly from recession. Analysis: Coronavirus measures affect up to a third of companies. Trudeau: Government to support energy sector with $1.7 billion. At least 300,000 Africans will succumb to coronavirus according to UN model. ČEPS's pre-tax profit rose by more than a fifth last year to CZK 4 billion. Fidelity: Global corporate revenue could fall 44 percent this year. IMF: Coronavirus will deal the worst blow to the economy since the Great Depression. Spain eases coronavirus measures, people are allowed to go to work. Another 5.2 million people have applied for unemployment benefits in the US. Maláčová: The Ministry of Labor and Social Affairs has a plan ready to open social services. Handelsblatt: Coronavirus is throwing developing countries back into poverty. WSJ: Why won't seasonal flu sink the economy like covid-19?. CRIF: The number of closed businesses during the quarantine period has dropped significantly.

Stock exchanges: The price of gold has climbed to its highest level since 2012.

Finance: Banks still do not count on increasing limits for contactless payments. IMF economist: 100 countries are asking for help due to the pandemic. Banks are waiting for regulators to comment on smart quarantine. Reuters: Georgieva is boldly steering the IMF in the coronavirus storm. The Fed will release $2.3 trillion to support businesses and local governments. Insurance companies have started to open some of their branches. Some entrepreneurs in the tourism industry in South Moravia will close. The Chinese central bank has lowered the base interest rate. Bank of America has lower profits due to provisions for loan losses. Michl will propose to the central bank to reduce the rate to 0.5 percent. The IMF will temporarily forgive debt repayments for 25 countries fighting the pandemic. Large banks have received almost 200,000 requests for loan repayment deferrals. S&P has downgraded Renault's rating to speculative grade. The quarterly profit of the American bank Morgan Stanley fell by 32 percent. JPMorgan and Wells Fargo are expecting an avalanche of loss-making loans. The volume of investments in hotels in the Czech Republic increased by 227 percent last year to 16.7 billion. Survey: The pandemic is complicating the lives of three-fifths of Czechs.