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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: Consumer prices in China rose for the first time in six months in February. Analysts: The economy was dragged down by household consumption dampened by high inflation. Analysis: World trade will grow at a rate of 2.8 percent per year, slower than GDP. Czech glassmakers are not competitive, but the Ministry of Industry and Trade claims to support them. Fuel prices in Cuba increased by 500 percent, electricity also became more expensive. February inflation reached the CNB target, lower than the central bank's forecast. Industrial conditions worsened further in February, but less than in January. CNBC: Europe has had its worst earnings season since the onset of covid-19. WSJ: Indonesia is trying to join the family of Asian economic tigers. Real wages in the Czech Republic have fallen again, according to analysts they are at the level of 2017. The inflation rate in Poland fell significantly in January, reaching 3.9 percent. Analysis: Norwegians received the highest pension, Czechs had above-average. The inflation rate in Germany slowed to 2.5 percent in February. European Free Trade Association countries invest 100 billion USD in India. The Czech economy performed better in the fourth quarter than the Czech National Bank expected. Analysts: The weakening of the economy is starting to be reflected in fewer vacancies. Confidence in the Czech economy fell again in February.

Stock exchanges: Gold exports from Switzerland were the highest in six years in January. The price of gold is at a record high thanks to the expected reduction in interest rates in the USA. Gold is at another record, a troy ounce costs more than $2,157. This year, gas, electricity and grain prices are falling, while oil, aluminum and cotton are becoming more expensive. The price of gold has surpassed a new record high after the unemployment report.

Finance: Analysis: One in 13 Czech companies that issued bonds after 2013 is insolvent. Association: Non-bank companies provided 13 percent more money last year. The Russian Central Bank has stopped raising interest rates, the base rate is 16 percent. The American bank NYCB is in trouble, has secured a billion-dollar financial injection. Association: The number of payment cards in the Czech Republic increased by 1.2 million last year to 15.2 million. The Swiss Central Bank calls for a change in regulation, refers to Credit Suisse. Allianz Trade: The number of companies insolvent in the world increased by seven percent last year. S&P agency raised Portugal's rating to A-, praised the reduction in debt. The volume of crowdfunding investments increased by two billion to three billion CZK last year. J&T Arch Investments fund acquired a stake in Emma Alpha Holding for 2.5 billion CZK. Capital One bank buys credit card issuer Discover for 35 billion USD. Apple Pay is the most used mobile payment service in the Czech Republic. Registries: Czechs' debt increased by 5.1 percent last year to 3.31 trillion CZK. Hypoindex: The average mortgage rate rose to 5.62 percent at the beginning of March. The integration of the development and export bank should be completed next year. Over 70 percent of Czechs are not oriented towards investments, according to a survey. Trinity Bank's gross profit fell by 200 million to 800 million crowns last year. Italian insurance company Generali and Austrian rival VIG report higher profits last year. Banks provided mortgages worth 15.8 billion CZK in January, double the year-on-year figure. China has lowered its benchmark mortgage rate to stimulate the real estate market. IIF: Global debt rose to a record $313 trillion last year. Fitch changed the outlook for the Czech Republic's main credit rating from negative to stable. Austrian Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year.