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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: Frolík: The Czech Republic lacks a long-term strategy agreed across the political spectrum. The Japanese economy fell by 2.9 percent in the third quarter, less was expected. Stock: The trend of lower consumption of spirits continues, it will be affected by higher taxes next year. Slovaks are taking early retirement en masse, companies see this as a risk. Analysts: The construction market cannot be expected to recover, it will fall even further this year. The British economy fell slightly in the third quarter, a recession is looming. CNB spokeswoman Krmelová will head a different department of the central bank from January 15. The CNB has lowered interest rates, according to Michl, inflationary pressures are fading. Analysts: GDP is being held back by household consumption, companies are maintaining increasingly higher profitability. BCG data: The Czech Republic closed the fewest mergers in the third quarter since 2014. The price of Russian Urals oil fell in November, but remained above the price ceiling. Experts: Inflation in the Czech Republic will weaken next year, the economy is expected to recover slightly. The CNB Bank Board disagrees on further rate cuts. Inflation in Germany fell surprisingly significantly in November, to 2.3 percent. One of the most cited Czech economists, Milan Zelený, has died at the age of 81. The global value of mergers and acquisitions fell below three trillion dollars this year. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. The Czech economy will not avoid a decline this year, analysts agree. CRIF analysis: 207,772 entrepreneurs have disappeared in the Czech Republic by the end of November this year. Analysts: Real purchasing power of Czechs has decreased to 2018 level. ČNB: Czech households' debts to banks increased to CZK 2.24 trillion in October. ČNB: Czech foreign debt increased to CZK 4.546 trillion in the 3rd quarter. Bloomberg: According to analysts, the eurozone economy will enter a recession. According to analysts, inflationary pressures in the Czech Republic are clearly weakening. The year 2024 will bring restrictions on tax breaks, an increase in property tax or changes in VAT. According to analysts, October's industrial growth was more of a fluctuation than a change in trend.

Stock exchanges: Commodity prices on the markets have mostly fallen this year, their index has written off 8.5 percent. The price of gold has increased the most in three years this year and ended above USD 2,000. CNBC: Copper prices could rise by more than 75 percent in the next two years.

Finance: 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. Bloomberg: SpaceX offered additional shares, company value exceeds $175 billion. ČSOB analysts: Inflation in the Czech Republic will fall next year, GDP growth will be weak. The Russian Central Bank has increased the base interest rate to 16 percent, as expected. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. Iran and Russia will not trade in dollars, but in their own currencies. The Czech National Bank has eased mortgage rules, but experts do not expect a major market recovery. Fuchs leads the combined online comparison sites Srovnejto.cz, Klik.cz and ePojisteni.cz. Hypoindex: The average mortgage rate rose to 6.02 percent in early December. ČSOB estimates: The volume of mortgages provided last year fell by 25 billion to 138 billion CZK. Over 400,000 people activated the contactless payment service in one month. The ECB imposes stricter requirements on the French Société Générale due to risk. The value of American households' assets fell for the first time in a year in the third quarter. Raiffeisenbank analysts: The Czech Republic's GDP will grow by 1.7 percent next year. The US public debt has exceeded the 34 trillion USD mark for the first time.