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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: India and Pakistan already want to resume parts of the economy. PwC: Four out of five Czech companies expect a decline in revenue or profits. Over six million people have applied for unemployment benefits in the US. Spain has eased coronavirus measures, people are allowed to go to work. VŠE academics propose tax changes due to the pandemic. Bernanke: US economy may fall by 30 percent in the quarter. Unemployment is estimated to have risen in March, possibly to 4.3 percent. Japan will probably declare a state of emergency due to the virus on Tuesday. Investors were again very interested in government bonds today. Analysts: Construction in February was mainly helped by warm weather. More than a quarter of entrepreneurs have serious problems due to the coronavirus. The French economy may have fallen by up to six percent in the quarter. According to most analysts, annual inflation in March fell. Industry was already declining before the virus, construction and trade did well in February. MF: A blanket VAT deferral would be an unjustifiable advantage. Reuters: China's economy will grow at its slowest pace in 44 years this year. Analysts: Industry was already in bad shape before the pandemic, a slump is coming. According to analysts, inflation will continue to fall. IIF: Global debt rose to a record $255 trillion last year. Analysts: The economy could benefit from earlier implementation of measures. Handelsblatt: Eastern Europe could benefit from the coronavirus. Reuters: Alphabet soup, or what a post-virus recovery could look like. Chinese exports and imports fell less than expected in March. A worker at Česká zbrojovka has covid-19, production at the company continues. Survey: People are afraid of economic impacts due to coronavirus. Survey: 82 percent of construction workers have financial losses due to coronavirus.

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

Finance: The Fed will release $2.3 trillion to support businesses and local governments. The Polish central bank has cut the base interest rate to half a percent. More than a hundred organizations are calling on creditors to provide relief for poor countries. Associations: Banks have received 140,000 requests for loan repayment deferrals. Mutual funds have generally fallen into losses, equity funds have lost 19 percent. Insurance companies have not seen increased interest in life insurance. The Italian government has approved aid to companies worth 400 billion euros. The World Bank sees willingness to postpone debt payments to the poorest countries. Greece sells new bonds, the ECB can also buy them. Survey: The pandemic is complicating the lives of three-fifths of Czechs. Reuters: Georgieva courageously steers the IMF in the coronavirus storm. G7 leaders supported temporary debt relief for poor countries. Banks are waiting for regulators to comment on smart quarantine. Bank of America and Goldman earned significantly less due to reserves. ČMZRB provided entrepreneurs with 14 pct. more money in the 1st quarter. The price of gold is today the most expensive in history in korunas. According to UniCredit Bank estimates, the economy will fall by 11 percent this year. Some entrepreneurs in the tourism industry in South Moravia will close.