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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: ČNB has cut interest rates, according to Michl, inflationary pressures are fading. Inflation in Germany in November fell surprisingly significantly, to 2.3 percent. Study: People underestimate wealth inequalities between the rich and the poor. Analysts: The average wage in the Czech Republic fell in real terms in the third quarter. CNB: The balance of payments ended the third quarter with a surplus of CZK 4.6 billion. The economic downturn in the third quarter was more significant than the CNB expected. Inflation in Britain fell sharply, with a value of 4.6 percent, it is the lowest in two years. The inflation rate in Japan rose to 3.3 percent in October, and services are also becoming more expensive. Inflation in November was 7.3 percent, experts expect a sharp decline in January. BCG data: The Czech Republic closed the fewest mergers in the third quarter since 2014. Analysts: The impact of economic stagnation on unemployment is minimal. Approximately 100,000 people will have to file a property tax return in January. CRIF analysis: 207,772 entrepreneurs have disappeared in the Czech Republic by the end of November this year. CZSO and CNB: The net worth of Czech households last year was 3.77 million crowns. The Japanese economy fell sharply in the third quarter, the threat of recession is growing. The Japanese economy fell by 2.9 percent in the third quarter, less was expected. Bloomberg: According to analysts, the eurozone economy will enter a recession. Le Monde: Cyprus has become a key base for the porn industry due to taxes. The Slovak Central Bank expects faster GDP growth and significantly lower inflation. 2024 will bring restrictions on tax credits, an increase in property tax, and changes to VAT. S.A.B. Aerospace increased sales by 70 percent last year to 185 million crowns. Institutes: The German economy will grow significantly slower next year than expected. Study: The European middle class has seen a deterioration in its standard of living. Economist: A fifth of medical costs in the Czech Republic go to heart and vascular diseases. The German economy fell by 0.1 percent quarter-on-quarter in the third quarter. Chinese industry and retail grew more than expected, but deflation remains a threat.

Stock exchanges: Commodity prices on the markets have mostly fallen this year, with their index down 8.5 percent. The price of gold has climbed above $2,000 per troy ounce again. The price of gold temporarily reached a record high, exceeding $2,100 per troy ounce.

Finance: Bloomberg: Billionaire Vítek founded companies in the emirate of Abu Dhabi. CNB: Banks' gross profit increased by 5.5 billion to 180.1 billion CZK in three quarters. The Hungarian central bank again reduced the base interest rate by 0.75 percentage points. Moody's worsened the outlook for China's credit rating from stable to negative. The head of the German central bank warned against hasty interest rate cuts. ČSOB analysts: Inflation in the Czech Republic will fall next year, GDP growth will be weak. Index: Mutual funds made significant profits for investors in November. The Russian central bank, as expected, increased the base interest rate to 16 percent. The Turkish central bank increased the base interest rate to 42.5 percent. ECB imposes stricter requirements on French Société Générale due to risk. Retail investors invest significantly more in ETFs than institutions, survey finds. The British central bank has not changed interest rates, it wants to keep them high for longer. Analysis: The Czech Republic is among the countries in Europe with the highest increase in the number of card payments. The US central bank has not changed interest rates, it has indicated that they will be reduced next year. Survey: Christmas will be more modest this year, 60 percent of Czechs will save on gifts. Survey: Czechs want to counter inflation by investing in gold or real estate.