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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: EC apologizes to Italy for lack of solidarity in the coronavirus crisis. Association: Coronavirus caused Czech businesswomen to lose half a billion. Unemployment is rising in the US due to coronavirus, Europe is also having problems. Survey: 72 percent of developers have financial losses due to coronavirus. IIF: Global debt rose to a record $255 trillion last year. The number of purchases via EET increased by 12 percent during the weeks in quarantine. Construction workers: The sector will decline by a tenth this year due to coronavirus. Ostrava VŠB will produce up to 3,000 protective shields on 3D printers. Survey: Half of people in the Czech Republic have seen their income drop, one-sixth by half. VŠE academics propose changes to taxes due to the pandemic. Study: Coronavirus will significantly increase the number of corporate bankruptcies. Eurozone inflation slowed sharply in March to 0.7 percent. Handelsblatt: Eastern Europe could benefit from the coronavirus. Manufacturing conditions worsened the most in 10 years. Survey: Two-thirds of companies are optimistic about the future. The number of people infected with the coronavirus worldwide has exceeded 900,000. Unemployment is estimated to have risen in March, possibly to 4.3 percent. Bernanke: The US economy may fall by 30 percent in the quarter. Real estate companies: Interest in real estate has fallen by up to tens of percent. Survey: Companies plan to reduce spending on technology this year. Restaurateur asked for a payment deferral, but the authorities seized the apartment instead. Creditors: Changes to protect debtors will limit the enforceability of rights. Spain has 100,000 infected, the US may have up to 240,000 victims. The financial administration has so far collected 1.4 million tax returns. Analysts: Good data on the labor market is temporary, deterioration will come. Analysts: Industry was not in good shape even before the pandemic, a collapse will come. Experts: Support for large companies is right, it must also be fast. Investors were again interested in government bonds today.

Finance: The Italian government approved aid to companies in the amount of 400 billion euros. The Czech Republic is completing its participation in smart quarantine, others are still negotiating. The company ChytryHonza.cz will lead Kantor Skoupý after him. Moody's is reassessing the rating of airports in Europe, Prague came out the best. Fitch worsened the outlook for Česká spořitelna and Komerční banka due to the virus. ČMZRB provided entrepreneurs with 14 pct. more money in the first quarter. ČBA: The relaxation of the CNB's limits for mortgages is an effort to revive the market. Czechs have already given millions to help due to the coronavirus through crowdfunding. Mutual funds have generally fallen into losses, equity funds have lost 19 pct. UniCredit will lay off 5,200 people in Italy, but will employ 2,600 young people. The volume of bank loans in February increased by 15 billion to 6.135 trillion CZK. S&P has downgraded Renault's rating to speculative grade. IMF: Coronavirus has a worse impact on the economy than the financial crisis. Moneta completed the purchase of two Wüstenrot companies today. The Fed will release $2.3 trillion to support businesses and local governments. Powell: The Fed will continue to act forcefully, actively and aggressively. Analysts: Banks have not changed interest rates on savings accounts or mortgages yet.