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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 British economy fell slightly in the third quarter, a recession is looming. The economic downturn in the third quarter was more pronounced than the Czech National Bank expected. Approximately 100,000 people will have to file property tax returns in January. CRIF analysis: 207,772 entrepreneurs have disappeared in the Czech Republic by the end of November this year. One of the most cited Czech economists, Milan Zelený, has died, he was 81 years old. Analysts: A revival of the construction market cannot be expected, it will fall even further this year. The minimum wage will increase to CZK 18,900, four out of eight guaranteed wages will increase. CNB: Czech household debts to banks rose to CZK 2.244 trillion in November. Stock: The trend of lower consumption of spirits continues, it will be affected by higher taxes next year. The Slovak Central Bank expects faster GDP growth and significantly lower inflation. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter. Analysts: The impact of economic stagnation on unemployment is minimal. The price of Russian Urals oil fell in November, but remained above the price ceiling. Analysts expect a slowdown in annual inflation to seven percent in November. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. FT: The number of bankruptcies is growing, the end of Covid aid and high interest rates are to blame. CNB: The balance of payments ended the third quarter with a surplus of CZK 4.6 billion. PwC: Inflation remains the main scarecrow for investors, concerns are lower than last year. Chains react to VAT changes with actions, according to analysts, it is mainly marketing. According to analysts, October's industrial growth was more of a fluctuation than a change in trend. The global value of mergers and acquisitions fell below three trillion dollars this year. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. BCG data: In the third quarter, the fewest mergers were concluded in the Czech Republic since 2014. The inflation rate in Japan rose to 3.3 percent in October, and services are also becoming more expensive.

Stock exchanges: CNBC: Copper prices may increase by more than 75 percent in the next two years. The price of emission allowances in the EU fell below 72 euros per ton due to a slowdown in industry. The price of gold increased the most in three years this year and ended above 2,000 USD. Commodity prices on the markets have mostly fallen this year, with their index down 8.5 percent. The price of gold has climbed to a record high after Fed Chairman Powell's speech.

Finance: The Hungarian Central Bank has cut the base interest rate by 75 points to 10.75 percent. Survey: Over 27 percent of Czechs see 2023 as a financially successful year, more than last year. The head of the German central bank warned against hasty interest rate cuts. The value of American households' assets fell for the first time in a year in the third quarter. ČSOB analysts: Inflation in the Czech Republic will fall next year, GDP growth will be weak. The ECB is imposing stricter requirements on the French Société Générale due to risk. The Russian Central Bank, as expected, has increased the base interest rate to 16 percent. CNB: Banks' gross profit increased by 5.5 billion to 180.1 billion CZK in three quarters. Survey: Domestic dollar millionaires are increasingly becoming investors. Over 400,000 people activated the contactless payment service in one month. The Israeli central bank reduced its base interest rate by a quarter of a percentage point. Index: Mutual funds made significant profits for investors in November. Bloomberg: SpaceX offered additional shares, the company's value exceeds 175 billion USD. Raiffeisenbank analysts: Czech Republic's GDP will grow by 1.7 percent next year. Bloomberg: Billionaire Vítek founded companies in the Emirate of Abu Dhabi.