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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: IMF: Coronavirus will deal the worst blow to the economy since the Great Depression. The financial administration has so far collected 1.4 million tax returns. Czech measures for commuters are causing problems for companies in Bavaria. Italy expects a crushing collapse in industry. Over six million people have applied for unemployment benefits in the US. Africa is having difficulty transporting goods and aid due to the coronavirus. The economic advisory team of the crisis staff divided its work today. The number of people infected with coronavirus worldwide has exceeded 900,000. The volume of Chinese investments in the EU fell by 33 percent last year to 12 billion euros. Unemployment in March remained at 3 percent, and will rise significantly in April. The number of purchases via EET increased by 12 percent between weeks in quarantine. Study: Virus could push half a billion people into poverty. Survey: 82 percent of construction workers have financial losses due to coronavirus. Russia's foreign debt has fallen to its lowest level since 2009. Share of companies out of operation has fallen to 67 percent. Unemployment is estimated to have risen in March, possibly to 4.3 percent. Coronavirus in Africa threatens many people's livelihoods. Analysts: Construction was mainly helped by warm weather in February. WSJ: Why won't seasonal flu sink the economy like covid-19? Sales rose above expectations in February, the effects of the epidemic in March. Bioster is operating at full capacity, sterilizing medical equipment. Survey: 72 percent of developers have financial losses due to coronavirus. Spain eases coronavirus measures, people are allowed to go to work. Investors were again keen on government bonds today. IIF: Global debt rose to a record $255 trillion last year. Most analysts expect year-on-year inflation to have fallen in March. Bernanke: US economy could shrink by 30 percent in the quarter. Survey: Two-thirds of companies are optimistic about the future.

Finance: The Polish central bank has cut its key interest rate to half a percent. Analysts: Banks have not yet changed interest rates on savings accounts or mortgages. According to UniCredit Bank, the economy will shrink by 11 percent this year. Reuters: Georgieva is boldly steering the IMF through the coronavirus storm. Some entrepreneurs in the tourism industry in South Moravia will quit. Survey: The pandemic is making life difficult for three-fifths of Czechs. At the CNB meeting, there were considerations to cut rates by only 0.5 points. ChytryHonza.cz will lead Kantor Skoupý. ČS is completing its participation in smart quarantine, others are still negotiating. IMF: Coronavirus has a worse impact on the economy than the financial crisis. The price of gold is today the most expensive in korunas in history. ČS: Household spending fell by 23 percent after the quarantine was introduced. Hospital Association: The state should give money to pay healthcare workers. More than a hundred organizations are calling on creditors to provide relief for poor countries. Powell: The Fed will continue to act forcefully, actively and aggressively. The World Bank sees a willingness to postpone debt repayments for the poorest countries. HK: Entrepreneurs face bureaucracy when applying for assistance.