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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: Analysts: GDP is held back by household consumption, companies maintain higher profitability. The five thousand crown is the least used and third most frequently counterfeited banknote. Survey: Companies expect higher inflation in 2024 as well, three quarters above five percent. Sellers: Lower tax on construction work will not significantly affect the price and sales of construction materials. Inflation in November was 7.3 percent, experts expect a sharp drop in January. BCG data: The fewest mergers were concluded in the Czech Republic in the third quarter since 2014. Stock: The trend of lower consumption of spirits continues, it will be affected by higher tax next year. The Czech National Bank has lowered interest rates, according to Michl, inflationary pressures are fading. Slovaks are retiring en masse, companies see a risk in this. Analysts expect annual inflation to slow to seven percent in November. One of the most cited Czech economists, Milan Zelený, has died at the age of 81. S.A.B. Aerospace increased sales by 70 percent to 185 million crowns last year. Survey: Inflation is a concern for 49 percent of Czechs, it is the main source of concern. The inflation rate in Turkey accelerated to 64.8 percent in December, the highest in a year. The Japanese economy fell by 2.9 percent in the third quarter, less was expected. Vice Governor of the Czech National Bank: The decision to adopt the euro requires a broader political consensus. The minimum wage will increase to 18,900 CZK, four out of eight guaranteed wages will increase. Business activity in the eurozone surprisingly decreased again in December. The British economy fell slightly in the third quarter, a recession is looming. Experts: Inflation in the Czech Republic will weaken next year, economy to see slight recovery. The CNB Bank Board is divided on whether to further cut rates. The global value of mergers and acquisitions fell below three trillion dollars this year. Study: People underestimate the wealth gap between the rich and the poor. Analysts: The construction market cannot be expected to recover, it will fall even further this year. The inflation rate in Poland surprisingly slowed to 6.1 percent in December. CNB: Czech households' debts to banks rose to 2.244 trillion CZK in November.

Stock exchanges: The price of emission allowances in the EU fell below 72 euros per ton due to the slowdown in industry. The price of cocoa on the London market has increased this year by the most since 1989. CNBC: Copper prices may increase by more than 75 percent in the next two years.

Finance: Government debt rose to CZK 3.214 trillion in the third quarter of last year. CNB: Banks' gross profit increased by CZK 5.5 billion to CZK 180.1 billion in three quarters. Index: Mutual funds made significant profits for investors in November. Survey: Over 27 percent of Czechs rate 2023 as financially successful, more than last year. Small investors invest significantly more in ETFs than institutions, the survey found. Hypoindex: The average mortgage rate rose to 6.02 percent in early December. State support for building savings is being halved. ČSOB analysts: Inflation in the Czech Republic will fall next year, GDP growth will be weak. US public debt has exceeded the 34 trillion USD mark for the first time. The Hungarian central bank has reduced the base interest rate by 75 points to 10.75 percent. ČSOB estimates: The volume of mortgages provided last year fell by 25 billion to 138 billion CZK. Raiffeisenbank analysts: The Czech Republic's GDP will grow by 1.7 percent next year. The value of American household assets fell for the first time in a year in the third quarter. Bloomberg: Billionaire Vítek founded companies in the Emirate of Abu Dhabi. The large Chinese shadow bank ZEG has entered bankruptcy proceedings. The German central bank has significantly worsened the economic outlook for next year.